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Whitepunk [10]
4 years ago
9

Suppose there is a major technological advance in the production of a good that causes production costs to fall. If demand for t

he product is relatively inelastic, what will happen in the market?
Business
1 answer:
postnew [5]4 years ago
4 0

Answer:  If there is a major technological advance in the production of a good that causes production costs to fall and the demand for the product is relatively inelastic:  As production costs fall, it will cause an increase in supply, therefore the price will fall, but demand as it is inelastic will not increase in the same amount as the price rises.

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In an example of __________ , many companies lobby the U.S. federal government through the U.S. Chamber of Commerce, an interorg
Iteru [2.4K]

Answer:

boundary spanning

Explanation:

Boundary spanning -

The term boundary spanning was given by Tushman in late 1950's .

It is the term used to describe an individual in the innovation system , whoes role is to link the internal work of the organization with the external work .

From the statement of the question , the example is for the term boundary spanning .

4 0
4 years ago
What law says that borrowers must receive a good faith estimate of the closing costs within three business days of the loan appl
Dmitry_Shevchenko [17]

The answer is the Real Estate Settlement Procedures Act or RESPA. This act was intended to defend possible property holders and allow them to become more intelligent consumers. RESPA necessitates that creditors provide bigger amounts of information to potential borrowers at certain points in the loan settlement process. It also forbids the innumerable parties involved from paying kickbacks to each other.

5 0
4 years ago
Janet was willing to contribute $30 this year to her local college radio station. However, after learning that the radio station
trasher [3.6K]

Answer:

Free rider problem

Explanation:

A popular term that describes a situation when those who benefit from resources, or services offered to the community do not pay for them.

The free-rider problem usually occurs with goods or services which are non-restrictive like radio services.

Since Janet does not pay for the radio services and yet benefits from it, she is a free rider.

3 0
4 years ago
"A corporation has issued $1,000 par, 8% convertible bonds, callable at par. The bonds are convertible into 20 shares of common
enot [183]

Answer:

Convert the bonds into 20 common stocks.

Explanation:

the investor has 3 options:

  1. sell the bond at $1,000 x 1.005 = $1,005
  2. sell the bond to the corporation at $1,000 + $10 = $1,010
  3. convert the bond into 20 common stocks = 20 x $51 = $1,020

the option that yields the highest return is to convert the bonds into common stocks.

3 0
3 years ago
The executive summary is a particularly important part of the business plan for all the following reasons EXCEPT
anastassius [24]

Answer:

Explanation:

The executive summary is a short version of the business plan that should be clear and concise. The goal of having an executive summary is to ensure that your readers are encouraged to read the business plan and also informative enough. A good executive summary should have the following qualities:

1. Since it is the first part of the business plan those interested will read, it should be structured in a way that it attracts the reader. If the reader is not attracted to the executive summary, chances are that they will not even bother reading the entire document.

2. Once the attention of the reader has been grabbed, the executive summary has to be short and straight to the point to ensure that the reader can get a brief overview of what the document entails. This is where the writer needs to point out the key points that will make the reader want to read the entire business plan.

3. Most readers will form their first impressions by reading the executive summary. This means that it has to be factual to give the reader a feeling that the business plan would have something of value to offer.

The source of funding is not always listed in the executive summary or in the business plan since the main purpose of presenting a business plan is to sought out funding from the interested parties.

6 0
3 years ago
Read 2 more answers
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