Answer:
(A) -5/6
Explanation:
Price elasticity of demand = % change in quantity demanded ÷ % change in price
% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%
% change in price = ($6-$15)/$15 × 100 = -$9/$15 × 100 = -60%
Price elasticity of demand = 50% ÷ -60% = -5/6
Answer: (D) Market control system
Explanation:
The market control system is the process of managing all distribution of the products and the services in an organization. The main responsibility of the market control system is that it manages all the marketing department and also helps in rectifying the mistakes in the system.
There are basically four types of market control system are as follows:
- Annual plan control
- Effectiveness and the efficiency control system
- Strategic control
- Profitability control
According to the given question, the Western mountain heath association is one of the control system that uses the concept of market control system for evaluating all the process in an organization such as transportation, pricing and the demand.
Therefore, Option (D) is correct.
Answer:
Contribution margin per unit= $7.5
Explanation:
Giving the following information:
Each radio sells for $23.75 and the variable cost per unit is $16.25.
The contribution margin is the difference between the selling price and the unitary variable cost:
Contribution margin= selling price - unitary variable cost
Contribution margin= 23.75 - 16.25
Contribution margin= $7.5
Answer:
$11,880
Explanation:
The computation of the amount that should be expected to recieve in seller is shown below:
The maximum seller contribution should be 6% for confirming the loan as the down payment is more than 10%
So, the amount should be
= $6% of $198,000
= $11,880
