Answer:
The correct answer is: price elastic; increase.
Explanation:
The price elasticity of demand for apples is 1.2.
This implies that the demand relatively prices elastic.
Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.
A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase.
Answer:
Fulfilling client's expectations
Explanation:
Project management can be defined as the use of skills, tools and knowledge to effectively execute a project.
The Project Management Institute (PMI) aims to develop the project management profession.
PMI definition proposed by Meredith and Mantel has included client satisfaction as a criteria for project success.
Initially client satisfaction was not included in Project Management definition.
According to them project management is the use of skills, tools, and knowledge to meet and exceed customer expectations.
This definition now different from the previous one that focuses on meeting project specifications
Answer:
fight for the same benefit or gain
Explanation:
For example, if there are two firms in an industry. The goal of the two firms would be to maximise profit. To achieve this, the two firms would engage in various competitions in order to attract customers.
For example, they may differentiate their products or give discounts in order to attract customers and so increase profits
Answer: The tax on capital gains is deferred until the gain is realized
Explanation:
The TAX DIFFERENTIAL VIEW of DIVIDEND POLICY is a notion that states that shareholders generally prefer capital gains fo dividend payouts because capital gains are taxed at a lower rate than dividend payouts.
Therefore they would like to pay less tax on dividends and instead wait until they make a capital gain as the taxes on that are less and are only charged after the gain is realized.
This translates to less dividends being paid by companies that follow this logic therefore the 4th option is correct.
