Answer:
elastic.
Explanation:
A monopolynis defined as a situation where a single supplier produces a good and so control quantity supplied and price of the product. Monopoly maximises profit when price is elastic and marginal revet is positive. When profit is maximised increase in price from that point does not result in increased profit.
On the other hand when a firm is not maximising profit, it is making profit but can take step to earn more. In this situation increase in price will result in higher profits
The <u>deciders </u>have the formal or informal power to select or approve the suppliers that receive the contract in a buying center.
<h3>What are buying centers?</h3>
A buying center is a jointed decision-making group that gathers individuals of an enterprise who engage or involve in the purchasing process for a certain product or a service.
A buying center is the collection of employees or members of any form of organization that are in charge of making big purchases.
Members of the buying center include
- Buyers
- Decider
- User
- Initiator
- Influencer
- Gatekeeper
Here, the <u>decider </u>has the formal or informal power to select or approve the suppliers that receive the contract in a buying center.
Learn more about buying center here:
brainly.com/question/8947097
When businesses raise the price of a needed product or service after a natural disaster, this is known as price gouging. Price gouging is something that businesses do after a natural disaster when they know consumers are going to need a specific product or service so they raise the price because they know people are going to buy it anyways. An example of this is when they raise gas prices after a natural disaster, knowing people still need gas.
Competency-based pay is type of pay that is similar <span>to pay structures based on individual characteristics. This type pf pay refers to a plan that covers exempt employees.</span><span> According the competency-based pay approach employees are rewarded based on their skills, knowledge and experience they apply in the workplace, and not based on their position or job title. </span>
If I had written your question in English, I could have helped you
