Answer:
percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.
Explanation:
Demand cross-elasticity is the measure of the relative change in the quantity demanded for a good or service (A) as a function of a certain relative change in the price of another good or service (B) considered to be a substitute for or complementary to the first (A). For example, how much would increase the amount of margarine demanded if there was an increase in the price of butter. The formula for calculating the cross elasticity of demand consists in dividing the relative change in the quantity demanded of a good divided by the relative change in the price of the substitute good.
Answer:
This is an example of quality control
Explanation:
A production process usually involves the action of a variety of things that all perform specific functions towards a common goal, usually the production of a finished good or service. This therefor means that a type of management is needed to ensure that all these aspects are handled in such away that the set organizational needs are met. This can be broadly defined as management control. Management control involves the control and operation aspects of a production process to ensure that the organizational goals are met.
One aspect of management control that is very important in the production environment is quality control. Quality control involves the inspection of the production process and the products to determine the quality. The quality of the process and the products is usually measured against set organizational and production standards. This therefor means that if the process or the production quality falls below the standard, then the quality of the product can be said to be low while if the quality meet or surpass the standards then the quality is high.
Quality control helps companies identify areas that need to be improved, thus raising overall product value.
Answer:
$3,122.96
Explanation:
Future value = 5000
i = 8%
n = 6
m = 2
Present Value = FV(1+i/m)^mn
Present Value = 5,000(1+0.08/2)^-2*6
Present Value = 5,000(1.04)^-12
Present Value = 5,000 / (1.04)^12
Present Value = 5,000 / 1.6010322
Present Value = 3122.985284118583
Present Value = $3,122.96
Customer spread sheet that is made on excel
Answer:
True
Explanation:
The consumer Price index determines how much variates the prices of the market basket and the inflation is the growth or reduction of the CPI compared between a serie of time.
