Answer:
d. Need more information.
Explanation:
Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes.
When calculated, elasticity reaches values that signal consumers' response to price. If elasticity is a value between 0 and 1, then demand is inelastic - little sensitive to price changes. If demand is greater than 1, this means elastic - very sensitive to price changes.
The numbers presented by the question show a highly elastic demand for theater ticket prices in both cases, especially in the afternoon shift. Thus, the theater could lower the price of both, because in elastic demands, a negative variation in price will increase the demand. However, this is not enough to calculate profit maximization since the profit calculation formula also involves costs, which are not described in the question.
Answer:
False
Explanation:
Forecasting demand is a practice of using historical data about demand to predict likely future demands of certain goods and services.
The simple moving average as the name implies uses the average overall trend in determining the forecasted value.It does not emphasize on recent demand trends.
The conventional weighted moving average emphasizes more on recent demand trend by selecting demands data that are close to the period being forecasted
Before government approves a merger, the company must be able to prove that the merger would lower costs and consumer prices or leads to a better product and service. A merger occur when a company joins another company or companies to form a single firm. Merger give companies the opportunity to pool their resources together and achieve better results in term of their products, services and also profits.
Answer:
The incorrect statement is letter "A": Tying rewards and incentives directly to the achievement of strategic and financial performance targets.
Explanation:
The managerial strategy-execution process allows firms to come up with a well-established method to clarify, transmit, apply and handle their operations within the organization to reach the company's goals. The method aims to give the firm the highest efficiency possible while achieving its objectives.
Implementing employees' additional compensations is not part of this approach.
