Answer:
b. The demand for the company’s products is elastic, so total revenue declines when prices are raised.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
If prices are increased, the quantity demanded falls more than the percentage rise in price. As a result total revenue falls.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
If demand is inelastic and prices are increased, the change in quantity demanded would be less than the change in price , as a result , total revenue would rise.
I hope my answer helps you
Answer: Perpetual
Explanation:
The perpetual innovation is basically describe about the information regarding the new technologies and it is one of the most flexible innovation strategy.
It is one of the type of planning strategy that basically protecting the various types of technology in the market.
The perpetual innovation is one of the consistent and rapidly growing technologies that replaced the older one technologies. It best describe about the intellectual properties by properly organizing the innovations.
Therefore, Perpetual is the correct answer.
I think your answer is life expectancy :)
hope this helps
There are different kinds of services rendered. This above scenario is an example of non-equity-based strategic alliance.
<h3>What is non-equity strategic alliance?</h3>
In a non-equity strategic alliance, firms often develop a form of agreement to distribute their resources without forming a separate entity or sharing equity.
Non-equity alliances are said to be a kind of loose and informal setting than a partnership that involves equity. This is said to be composed of a high majority of business alliances
Learn more about strategic alliance from
brainly.com/question/474034
Answer:
a. volatility
Explanation:
From the question, we are informed that "Even as it begins to produce the Mirai for the U.S. market, Toyota continues to manufacture its traditionally fueled cars, trucks, and SUVs. In case of Doing this it helps Toyota manage the volatility of industrial demand.
volatility of industrial demand do occur where there is uncertainty as far as demand is concerned in the consumer products , as a result of this most firms to catch up with compitition, growing their sales an lot more , so in this case Toyota still continues to manufacture its traditionally fueled cars, trucks, and SUVs even though there is Mirai for the U.S. market.