Answer:
113,000.
Explanation:
Let go through all the items to see whether we need to include them in the initial outlay or not.
(1) $100,000 worth of equipment => Yes
(2) Shipping will cost $5,000 and installation will cost $8,000 => Yes (Add to purchase price of equipment)
(3) Paid a management consultant $4,000 to analyze this project => No =>This is sunk cost (already incurred regardless of accept or reject the prject)
(4) Increase sales by $20,000 per year => No => under operating cashflow.
(5) $3,500 to train the employees to use the new equipment => No => under operating cashflow.
So, total initial outlay = 100,000 + 5,000 + 8,000 = 113,000.
This is an example of COMPETITION element of the immediate environment.
In marketing, there are three elements of consumers' immediate environment, these are: company, competition and corporate partners. These three elements works together and directly determine the performance of a company in a particular place. In the scenario given in the question, Wendy decided to offer the 99 cent value menu purposely to attract more consumers than its competitors.
Answer: 0.2
Explanation:
Elasticity of supply shows the responsiveness to the quantity supplied for a good or service to changes in market price. Supply is Elastic if its elasticity is greater than 1 and inelastic if elasticity is less than 1
Elasticity of supply = Percentage change in quantity supplied / Percentage change in Price
= 4%/ 20%
=0.2 which is inelastic.
<span>The wage cut in Johan's wage as a result that he was smoking in the refinery best exemplifies punishment. A punishment is used to prevent the employees in the future to do the same mistakes. In this case smoking in the refinery is a mistake that Johan must not repeat again.</span>
