"There are fewer close substitutes for the product your team supports" will improve your bargaining position with customers.
<u>Option: B</u>
<u>Explanation:</u>
Bargaining is the procedure which is preferred by citizens not only with street shops but it is famous internationally too, where defense, economic trade deal, etc are signed between two different nations to corporate and shake hand of unity. Bargaining is more effective when one allow seller to know that the party itself have more substitutes if the product is not provided by the seller in appropriate rate.
For an instance, if India need to buy some rolling defense helicopters for nation from Russia but prices are high and United States is providing same material with lower price or may be with better rewards on buying from them.
Answer:
D. Limited Partnership
Explanation:
Sole proprietorship is business owned , run & managed by single owner. Partnership is a business owned , run & managed by small group of people - deciding to share its profits .
Entrepreneurs in these have Unlimited Liability on personal assets, in case business assets are insufficient to settle business liabilities .
Corporation is a separate legal entity, distinct from its huge group of owners , guided by a board of directors. In case of any claim / sue case : it is against corporate entity & not the people, so they don't have any unlimited liability risk on personal assets to fulfil company's claims .
Correct Answer : C; High employment and price level stability.
Answer:
I believe it would be a lot easier to argue organization's ethical responsibility to help employees deal with stress.
<u>Here's some ideas:</u>
<em>INTRO</em>
--> Introduce your topic/argument
(make sure to include a thesis statement!!)
First, show the reader how damaging stress can be to the employee by explaining it's negative impact on the employee's wellbeing:
- Symptoms of stress and ways that it negatively impacts employees specifically.
- Mention how stress reduces productivity and site research about it.
Point out how common stress is within the workplace by using stats or current day examples:
- Statistics about the huge percentage of people who report feeling stressed out from work.
- Use the current day example of how the current pandemic has had a massive impact on the stress especially on healthcare workers.
- Main point: <em>stress is a very common and serious problem among employees</em>.
<em>BODY</em>
Argue how organizations DO have an ethical responsibility to help employees deal with stress:
- Point out how it's a very serious problem.
- Argue that an organization who chooses not to help is a bad organization.
- Show examples in history where organizations did not take good care of their employees.
To further strengthen your argument, mention how beneficial it is for the organization itself to provide resources for employees to help them manage their stress:
- Provide statistics on the usefulness of stress-management programs within the workplaces (example: INCREASES PRODUCTION).
- Argue how happier employees also tend to function better in the workplace because they feel supported.
<em>CONCLUSION</em>
--> Summarize your essay
- Summarize your main points and restate your thesis statement here.
Answer: The price elasticity of demand for good A is 0.67, and an increase in price will result in a increase in total revenue for good A
Explanation:
The following can be deduced form the question:
P1 = $50
P2 = $70
Q1 = 500 units
Q2 = 400 units
Percentage change in quantity = [Q2 - Q1 / (Q2 + Q1) ÷ 2 ] × 100
Percentage change in price = [P2 - P1 / (P2 + P1) ÷ 2 ] × 100
% change in quantity = (400 - 500)/(400 + 500)/2 × 100
= -100/450 × 100
= -22.22%
% change on price = (70 - 50)/(70 + 50)/2 × 100
= 20/60 × 100
= 33
Price elasticity of demand = % change in quantity / % change on price
= -22.22 / 33
= -0.67
This means that a 1% change in price will lead to a 0.67% change in quantity demanded. As there was a price change, there'll be a little change in quantity demanded because demand is inelastic. Thereby, he increase in price will lead to an increase in the total revenue.
Therefore, the price elasticity of demand for good A is 0.67, and an increase in price will result in an increase in total revenue for good A