Answer:
Urgency / Postponement leads to customer inelastic demand of ice melt.
Explanation:
Elasticity of demand is responsive change in demand of good, due to change in price. Formula = % change in demand / % change in price
Factors Affecting Price Elasticity of Demand : Nature of commodity, Income, substitutes availability, time period, urgency / postponement, share in total expenditure,
Inelastic Demand is when demand responds proportionately less to price change. % change in demand < % change in price
Case 'Customer critically needs ice melt to drive to work' : This has inelastic demand i.e demand less respondent to price changes (he will buy that at high price too). Such because of the urgency of this demand & less scope of its postponement.
False.
While it is true that individuals can choose what to do with their money, both saving and investing are smart decisions when done right.
Answer:
$938.82
Explanation:
The present value of the amount $1,150 using different discount rates in year one, two and three shall be determined using following mentioned method:
Present value of $1150 at the end of year 2=$1,150(1+8%)^-1=$1064.81
Present value of $1150 at the end of year 1=$1064.81(1+7%)^-1=
Present value of $1150 at the end of year 0=$995.15(1+6%)^-1=$938.82
The benefits or arriving on time to work and work related meetings would be getting a chance to prove your responsibility. You could also prove the your there to work hard. You could get a raise for always being in time. You could eventually get a better job. Or made a manager
