I think the most appropriate answer would be "inelastic demand". As the demand doesn't decrease significantly high and the cost of gasoline doesn't increase significantly increase that high.
(Inelastic demand is the the demand of a product does not changes too much/vigorously, as compared to elastic demand.)
I hope it helped you!
<span>The type of arrangement where the
members of a cross-functional team have an informal agreement that
whenever a team member goes out of town on business, that the team member
will leave a phone number where he can be reached by the other members
of the team is known as group norm.</span>
Purchase of a security by the bank will decrease the reserves in the banking and as a result the monetary base will also decrease.
<u>Explanation:</u>
The federal reserve system is the central bank of the United States of America. It has certain measures under it's control to manage the supply of money in the economy.
One of those measures is the purchase and the selling of the securities. If the security is purchased by the bank from the Federal reserve system, it will decrease the money reserve in the banks. As a result of this the monetary base will decrease in the country also.
Budgeted direct materials quantity
4000 pounds
Actual direct materials quantity
4500 pounds
Direct materials quantity variance
4500-4000=500 pounds ( underapplied)
Answer:
resource immobility
Explanation:
"Resource Immobility" refers to<em> the ability of a company to enjoy a comparative advantage of its resources because other companies cannot easily copy their strategies and resources. </em>
So, in the situation above, the Southwest Airlines' (SWA) <u>offerings</u> (strategy) are <em>imperfectly imitable</em> by Continental and Delta. This makes the offerings by SWA valuable to the company. This has given the company a sustained competitive advantage over several decades since the other companies have a hard time copying it.
In this kind of scenario, the strategies and resources that are hard to imitate are often rare and costs a lot to organize.
