Answer:
The correct answer is the option A: a small elasticity of demand.
Explanation:
To begin with, the concept known as<em> "price elasticity of demand"</em> refers to the relationship that shows how much the quantity demanded of a product will change when the price of it changes. And therefore that it indicates the variation that exists between the price and the quantity demanded for the product.
Secondly, when it comes to products that are highly essential to life, like water, the price elasticity of its demand will be inelastic or what is the same as small elastic due to the fact that it does not matter how much the price changes, the amount demanded by the consumers will stay due to the fact that the product is highly needed in their lives.
Answer: Option B
Explanation: In simple words, competitive industry is the one in which both the consumer and the producer are price takers due to the high number of participants on both sides. No individual firm could control the price and the profit is totally dependent on the quantity sold.
However, the cost structure could be different of different firms and in the long run only those firms survives that have a reasonable profit margin on sales. The other firms earns nothing and ultimately leaves the industry.
Hence the correct option is B .
Answer:
Collecting accounts receivable faster
Explanation:
Operating cycle states that the period of time between purchase of inventory and the group of receivable cash. The operating cycle depends on the period of the inventory and the period of receivables for the accounts. Here if the operating cycle is rising that the inventory duration and the receivable period of accounts also increase. Increasing periods of inventories and receivables will lead to a long operating cycle.
Thus, If the receivables for the accounts are obtained at a faster pace, the operating period will decrease.
Answer:
Deferred
Explanation:
Deferred revenue arises when a business receives cash in one period, but does not provide all of the related goods or services until a later period.
Deferred revenue are the payment received by the company or individual in advance for the product which is not been delivered yet or for the services which are not yet performed. It is not considered as revenue by companies, that´s why they report the deferred revenue as a liability in the balance sheet of the company.
Answer:
Make-A-Wish foundation
Earth hours
Explanation:
make a wish donates money and necessities
earth hours supports australian environment protection
