Answer:
C. because it can hire workers quickly if the price rises
Explanation:
Demand is said to be elastic if a small change in price causes a significant change in the quantity demanded. For example, if the price commodity Z increases by a small percentage and the demand falls by a bigger percentage, commodity z has elastic demand. Elastic demand is about the responsiveness of quantity demanded due to changes in price.
The supply curve illustrates the relationship between price and the quantity demanded. If demand is elastic, a change in price will result in a big movement along the supply curve. If the price of labor for walking dogs decreases by a small percentage, and the demand for dog walkers increase, then the dog walking business has elastic demand.
Answer:
The correct option is D,maximum job offer
Explanation:
Low job offer is offering job to new hands with pay that is lower than available elsewhere,hence less motivating for employees have guaranteed existing employment.
Competitive is when pay is similar to that which is obtainable elsewhere may be as offered by a rival firm.
The job at hand is poaching proven hands from another company,hence for the roles to be filled in no distant time,Mr Draper should give maximum job offer which is a pay that is above that which is available elsewhere.
The quantity of each item sold is multiplied by the sale price to determine the total revenue.
What is Quantity?
Quantity can be used to describe an amount, weight, number, or measure. A quantity is a property of a single item or group of items that may be measured in terms of "less," "equal," and "more."
The total of all inbound funds that the business has received from the sale of goods or services. Gross revenue is another name for total revenue.
Total revenue is computed by multiplying the average sales price per item or unit by the quantity of items or units sold.
As a result, option (a) is correct total revenue.
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Answer:
i) $21 billion
ii) $0
iii) $0
Explanation:
GIVEN DATA : ( two countries )
At the end of year 2
net exports = $20 billion for Japan
Interest earned from assets = $1 billion for Japan
i) The balances for the current account for Japan
export value + interest earned from assets
= $20 billion + $1 billion = $21 billion
ii) Financial account for Japan
Financial account for Japan will be zero because there is no increase or decrease in number of its assets within the given period
iii) capital account for Japan
Capital account of Japan will will have a zero balance. this is because Capital account is used to record foreign investments, local investment and the reserve account as well. and there was no investment captured within the given time that was made by Japan
Answer:
<u>Using related diversification to achieve value by integrating vertically in order to acquire market power.</u>
Explanation:
First, let's understand what are the stages of a supply chain, they are:
- commodities
- manufacturing
- distribution
- retail
In this regard, we can see that Shaw Industries controls more than one stage of its supply, commodities and manufacturing chain, which characterizes vertical integration.
Therefore, the most appropriate alternative to the question is that the company gains a greater market gain with this strategy because it increases the management and quality control, by ensuring that the inputs and processes are in accordance with its standards, which guarantees a product of higher quality and consequently better positioned on the market.
