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LenKa [72]
2 years ago
11

If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $10

0 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand is:_______
a. greater for the car.
b. less for the car.
c. the same for both the car and the vacation rental.
d. not comparable.
Business
1 answer:
kati45 [8]2 years ago
7 0

Answer:

Option C

Explanation:

f a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand the same for both the car and the vacation rental.

The elasticity remains unchanged because the percentage change in price and percentage change in quantity are tne same in both cases.

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Explain the measures of customer service that are influenced by the structure of the distribution network.
Nikitich [7]

Answer:

1. Response time or Time Response

2. Product variety or variety of the products

3. Availability

4. The Customer experience

5.The Order visibility

6. Returnability

Explanation:

Below is the Explanation of the measures of customer service that are influenced by the structure of the distribution network.

We have 6 measures of customer service that are influenced by the structure of the distribution network and they are:

1.Response time can be defined as the time between when a customer places an order and when the customer receives the delivery.

2. Product variety can be seen as the number of different products that a customer wish and desires from the distribution network.

3. Availability can be defined as the probability or likelihood of a company or an organisation to have a product in stock when a customer order arrives or when a customer places an order.

4.Customer experience can be seen as the the ease that occur when a customer place and receive their order.

5. Order visibility can be defined as the ability of the customer to track their own order from the time of placement to delivery.

6.Returnability can be defined as the ease with which a customer return merchandise or product that they are unsatisfied with and the strength or the ability of the network to handle such returns.

4 0
2 years ago
Winterbourne is considering a takeover of Monkton Inc. Winterbourne has 18 million shares outstanding, which sell for $56 each.
Whitepunk [10]

Answer:

Price of per share to be paid by Winterbourne to Monkton shareholders  =$ 33 M

Explanation:

Before merger the netwoth  = No.of shares * Price

= 13M * $ 28

= $ 364 M

Price of per share to be paid by Winterbourne to Monkton shareholders  = [ Net worth of Monkton before Merger + Merger Gain ] / No.of Shares

= [ $ 364 M + $ 65 M ] / 13 M

= $ 33 M /

4 0
2 years ago
Which option is an example of a debt-funding source?
NISA [10]
The correct option is CREDIT UNION.
A debt funding source refers to a loan provided by an external lender such as banks, building society or credit unions. These establishments allow business men to borrow money to finance their businesses. Each loan usually has its own terms and conditions under which the contract is made. <span />
8 0
3 years ago
A focused low-cost strategy ________.a. involves serving buyers in the target market niche at a lower cost and a lower price tha
miss Akunina [59]

Answer:

a. involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors.

Explanation:

A focused low-cost strategy involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors.

There are 2 market strategies involved here: a low-cost strategy in a niche market segment.

Hence, Focused Low-Cost Strategy  is when a business focuses on a niche, and since a small business cannot feasibly achieve low prices on all of its products, it can try and focus on a small niche and try to be the lowest cost provider in the market for that specific niche.

6 0
3 years ago
Read 2 more answers
The JATC is permitted to extend an apprentice's probation beyond the original hours.
Vedmedyk [2.9K]

Answer:

True.

Explanation:

True.

We use the following document Local Apprnticeship And Training Standards  For The Electrical Joint Apprenticeship Training Committee.

On the section "TIME-BASED OCCUPATION" says: "The time-based approach measures skill acquisition through the individual  apprentice’s completion of at least 2,000 hours of on-the-job learning as described in a work process schedule".

Section V: - Term of Apprenticeship

MINIMUM – 180 HOURS PER  YEAR/LOCAL JATC MAY INCREASE AS DEEMED NECESSARY

And as we can see is approved to extend the probation with more than the established hours.  

7 0
3 years ago
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