Answer:
b. +1.26
Explanation:
The computation of the income elasticity of demand is shown below:
= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)
= (change in quantity demanded ÷ average of quantity demanded) ÷ (change in income ÷ average of income)
where,
Change in quantity demanded would be
= Q2 - Q1
= 14 blouses - 12 blouses
= 2 blouses
And, average of quantity demanded would be
= (12 + 14) ÷ 2
= 13
Change in income would be
= $52,000 - $46,000
= $6,000
And, average of income would be
= ($52,000 + $46,000) ÷ 2
= 49,000
So, after solving this, the income elasticity of demand is +1.26
Answer:
Minimize the inefficiency of duplicated efforts across multiple locations
Explanation:
First of all, a conglomerate merger happens when two corporations that serve completely different markets and produce totally different products unite.
The main advantages of this not so common merger, are that:
- increased diversification: they are entering new markets and producing new products.
- increased efficiency: by joining forces, synergy may result and efficiency and productivity will increase. Duplicated efforts are eliminated, reducing costs.
- Expanded customer base: similar reasons than point 1.
- Lower operational risk: the same as with a diversified investment portfolio, a diversified portfolio of products and services reduces risks.
The answer is False. Wages from an employer are not the only source of income.
Full question:
Kelly Addison is a designer clothing buyer for a chain of department stores. She has gone through several negotiation certification programs and is considered an expert negotiator by her peers.
-When Kelly sees value in a product but does not want to pay the offered price, she often offers to split the difference between what she wants to pay and what the seller wants. Which of the following would be most likely to stall the negotiations with Kelly?
A)accepting the offer to split the difference
B)making another pricing counteroffer
C)offering better delivery and payment terms if she matches the asked price
D)standing firm on price but offering a discount for the second order
Answer:
<u>B) making another pricing counteroffer</u>
<u>Explanation:</u>
We are told that Kelly Addison is an expert negotiator and has received several negotiation certification programs. She also has a policy in which whenever she sees value in a product but does not want to pay the offered price, she splits the difference between what she wants to pay and what the seller wants.
Thus, making another pricing counteroffer <u>may stall the negotiations with Kelly.</u>
Answer:
The amount of pension expense reported by the company is $68 Million
Explanation:
the particulars of pension expense that will recognized and reported by the company.
Service Cost $44 Million
Add: Interest Cost <u>$50 Million</u>
Total Cost $94 Million
Less: Expected Return on Plant Asset <u> $31 Million</u>
$63 Million
Add: Amortization of a prior service cost <u>$05 Million</u>
Pension expense reported by the company $68 Million
Thus, the Pension expense reported by the company is $68 Million
