Answer: market penetration
Explanation: In order to carter to its rapidly increasing number of patrons, Phoenix is engaging in market penetration by opening 400 stores to this effect. Market penetration is simply defined as a process of increasing or making more sales to current customers of an organisation without changing or modifying the products of the organisation.
Answer: Option c
Explanation: The production by the producers for availability in the market is knows as the supply function in economics. And the amount of goods that the consumers are willing to buy at a given price is the demand function.
Thus, if there is a shortage of good in the market it means the price charged by the suppliers is below the equilibrium level.Therefore, the consumers who actually do not need it are demanding the product.
Hence we can conclude that the right option is C.
<span>A. Your yearly earnings. </span>
Answer:
d. length of the time period.
Explanation:
The price elasticity of the supply measures the percentage change in the quantity supplied with the percentage change in price
In arithmetically,
The price elasticity of the supply = (percentage change in the quantity supplied ÷ percentage change in price)
It indicates a direct relationship between the quantity supplied and the price.
Moreover, the key determinant of the price elasticity of supply is time period
Answer:
Prorating
Explanation:
Prorating refers to the amount that the seller is usually liable to pay the buyer as for the period of closing the deal to the date it is actually closed.
Basically any amount of rent that is earned by the seller on the property which is meant to be sold and that the buyer expected to settle the deal, on a date previous to the actual date on which the deal is done, then the amount of rent for such period is called prorated.
That is the closing amount of expenses or income in between the seller and the buyer, in a real estate transaction.
