Answer:
Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.
From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.
Explanation:
Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.
From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.
Explanation:
A technique to bring changes in the
entire organization, rather man
focusing attention on individuals to
bring changes easily is Organizational development
Answer: Yes
Explanation:
The construction company is entitled to compensation because it has a property right to enter and remove minerals.
The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.
Answer and explanation:
Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is <em>elastic </em>but if the result is lower than 1 the product is <em>inelastic</em>.
In the case, <em>as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should </em><u><em>increase the museum ticket price to increase revenue</em></u><em>.</em>
In order to make detailed business execution plans with an adequate hospital collaboration roadmap, it is necessary to organize and coordinate organizational resources in favor of growth and correct business flow.
<h3 /><h3>What is a business execution plan?</h3>
It corresponds to a transition model to replace products and services in the long term. The plan must contain the technical concept of the business, its functional prototype, all its specifications and a test version to correct some features before the final version is released.
For a business execution plan with a hospital collaboration roadmap, it is essential to identify site needs such as safety, meeting patient needs, and family involvement in hospital processes.
Therefore, a business execution plan for a hospital should contain strategies and tactics to improve processes for patients and professionals, increasing the quality and speed of service.
Find out more about business execution plan here:
brainly.com/question/24864915
#SPJ1
