Answer:
(B) 40%
Explanation:
↓Q / ΔPrice = Price-elasicity
The price elasticity is the relationship between a change in price with the quantity demanded of a certain good assuming, other factor remains constant.
ΔPrice = (P0 - P1)/((P0 + P1)/2) = (2 - 6)/((2+6)/2) = 4/4 = 1
We know that price elasticity is 0.4
Now we can solve for the change in the quantity demanded:
↓Q/ 1 = 0.4
↓Q = 0.4 x 1 = 0.40 = 40%
Answer:
The correct option is A,devoting resources to researching and developing new products that will be more durable than competitors'
Explanation:
Creating sustainable advantage means that the company is able to do something very difficult for competitors to copy.
Sustainable advantage is not about cost reductions,is about a perceived value added to products or services not seen anywhere else.
If customers upload their designs for the company to produce, it does not necessarily mean the product is fit for purpose, as the company does not have full control over it.
The main qualities of
real entrepreneur are:
1) spiritual freedom and
energy;
2) willpower;
3) ability to effectively
negotiate and convince partners and customers;
4) organizational skills;
<span>5) determination and
willingness to situations of risk.</span>
Answer:
a. Shorten his portfolio duration
Explanation:
The best action to take in order to capitalize on expectations of increasing interest rates would be to shorten his portfolio duration. This is because an increase in the interest rate causes his portfolio value to decrease, yet if the duration of his portfolio is shortened then the change/decrease in value will be lesser than if done otherwise.
Answer:
$5,702.4
Explanation:
A property is sold for $198,000 with a listing commission of 8%
The selling office is to receive 40%
The first step is to calculate the total commission
= $198,00×8/100
= $198,000×0.08
= $15,840
Listing brokers commission
=$15,840×60/100
= $15,840×0.6
= 9,504
Therefore, the amount of listing that will be received by the sales person can be calculated as follows
= 9,504×60/100
= 9,504×0.6
= $5,702.4
Hence the salesperson will receive a listing of $5,702.4
