Answer:
Bankrupt
Explanation:
A person or company is declared bankrupt by the law when they are most unable to meet their obligations at the time they are due. Another way to describe such people is INSOLVENT. At this point the bankrupt person is made to use his personal property or if a company, assets are sold to pay off the debts.
Answer:
Explanation:
Buddhism teaches that we have many chances to start over with the cycle of rebirth and fresh starts. Christianity teaches that we have one life and one chance, and if you mess up you go to hell. Hinduism says that everything in the world, good and evil is created by God, but in Christianity, God is said to have only created the good things.
Answer:
Lenovo reduced the price of the model by 9% because it is what the calculations of price elasticity and cross price elasticity is telling the company to do.
A negative -12.64 price elasticity of demand means that the quantity demanded for the product falls more than the price rises. For this reason, the company found it necessary to reduce the price, in order to prevent a fall in demand.
A positive cross price elasticity of 9% means that the quantity demanded for this product will increase more than the reduction in price when compared to another product (likely a substitute, for example: a computer produced by another company). For this reason, Levono decided to lower the price, because the loss in revenue from the price reduction will be offset by the higher demand.
