Answer:
The income elasticity of demand for frozen dinners is negative when there is an increase of hourly wages. -51%
Explanation:
When the income elasticity is negative it means that the good is inferior so when the income is increased, the demand of the good decrease beacuse its demand change to a better quality good. For instance in this case a fresh meal.
income elasticity % = % change in quantity / % change in income
(((3350-3550)/3550)/((20-18)/18))*100
Answer:
Part 1. Marketing Department
Part 2. Sales Department
Explanation:
The Marketing department is the one which is responsible for creating product awareness among the target market segment customers. The marketing department assesses the best option to approach the customers present in the market segment. The option that will generate greater product awareness and is less costly to the organization is the best option that the market department tries to find to reach customers.
On the other hand, the Sales department is responsible to approach its potential customers to ensure that sales targets are met. They are the ones who will finalise the dealings between the company and the customer to sell the products or services.
Answer:
return the order to the retailer
That statement is true
In united states, there are only two things that considered as a primary source of criminal law.
The first one is the court ruling that is made by both state and supreme courts. The second one is the legislation that are passed by the representatives in state and federal government.
Answer:
a. in the general ledger
Explanation:
When preparing the retained earnings statement, the beginning retained earnings balance can always be found in the general ledger.
