Answer:
<em><u>Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.</u></em><em><u>The concept of elasticity for demand is of great importance for determining prices of various factors of production. Factors of production are paid according to their elasticity of demand. In other words, if the demand of a factor is inelastic, its price will be high and if it is elastic, its price will be low.</u></em>
Explanation:
hope it helped you...mate!
The correct answer that would best complete the given statement above would be option 1. objective. Based on the given situation above about how Betty's performance was evaluated, Betty experienced an objective appraisal method. It is objective since it is based on graphic rating forms. Hope this answer helps.
Answer:
D. To allow consumers to rapidly place orders with Amazon.
Explanation:
The Amazon Dash Button is a small device that you can stick to virtually any surface in your home, and it let's you instantly order household items you're about to run out of.
<u>Full question:</u>
Culture is a component of what type of environmental force that must be scanned to assess its impact on the organization's marketing environment?
A) economic
B) competitive
C) social
D) regulatory
E) technological
<u>Answer:</u>
social environmental force that must be scanned to assess its impact on the organization's marketing environment
<u>Explanation:</u>
The social environment of a firm consists of all that society thinks, its rules, its works and it’s the process it performs. Prosperous marketing depends slightly on the strength of a company to accomplish its marketing arrangements within its social environment.
Social environmental forces are those forces that include attitudes and shared expectations of the population. Businesses also have their social environmental factors. This is also recognized as internal social environments. When purchasers endure a variety in their practice or standards, they exhibit various requirements and purchase distinct products.