Methods of structuring organizations to enable them produce large amounts of goods is known as mass production.
<h3>What is mass production?</h3>
Mass production is also referred to as continuous production and it can be defined as a method of production that focuses on manufacturing large quantities of standardized goods.
This ultimately implies that, mass production is a method of structuring organizations that is mainly focused on making a large number of a few goods.
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The matching of the demand as relatively elastic or relatively inelastic can be done as;
- Klaus' demand for orange juice (Relatively elastic)
- Amanda's annual demand for coffee(Relatively elastic)
- Jackson's demand for mystery novels(Relatively inelastic)
- Hermy's demand for Minute Maid orange juice(Relatively inelastic)
- Olivia's daily demand for Starbucks latte(Relatively inelastic)
- Stephen spends a very little part of his income on soda(Relatively elastic)
- Xavier's demand for his economics textbook(Relatively inelastic)
<h3>What is Elasticity of demand?</h3>
Elasticity of demand can be regarded as the variation on the concept of demand.
It should be noted that elastic demand involves change in quantity demanded as a result of change in price.
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Answer: C. The melting of an ice cube
Explanation: Just trust!
Answer:
style and commitment
Explanation:
for those who want to do music for performance would have to follow these 2 things to have a great career
