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galben [10]
3 years ago
8

Suppose the price of gasoline increases and that sport utility vehicles get poor gas mileage compared to other available cars. O

ne would expect: Select one: a. the demand for gasoline to decrease. b. the demand for sport utility vehicles to decrease. c. the demand for sport utility vehicles to increase. d. the quantity of sport utility vehicles demanded to decrease.
Business
1 answer:
a_sh-v [17]3 years ago
7 0

Answer:

b

Explanation:

If the sport utility vehicle has a bad mileage, it means that it burns fuel quickly, so you would have to buy gasoline more frequently.

sport utility vehicle is a complement for gasoline

Complementary goods are goods that are consumed together

If the price of gasoline increases, it would become more expensive to maintain sport utility vehicle. As a result, the demand for sport utility vehicle would decrease. this would shift the demand curve for sport utility vehicle inward.

A increase in the price of gasoline would result in a decrease in the quantity demanded of gasoline and not a reduction in demand.

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For a market to be competitive:a. each buyer and seller is small, relative to the whole market; no single decision-maker has any
kirill115 [55]

Answer: Option (A) is correct.

Explanation:

Each of the buyer and seller are small when we are relating it with the whole market. so, there will be no power in the hands of a single decision maker and if a firm wants to change their prices then it will not have any influence on the market price. In a competitive market, there are large number of buyers and sellers, thus, one buyer or seller doesn't have any impact on the market price.

7 0
3 years ago
Periodically, merrill lynch customers are asked to evaluate merrill lynch financial consultants and services. Higher ratings on
padilas [110]

a) Null hypothesis (\mu _{a} \leq \mu _{b}) for merrill lynch customers are given as

Alternative hypothesis:\mu _{a} > \mu _{b}

t =\frac{6.82-6.25}{\sqrt{\frac{0.64^{2}}{16}} + \sqrt{\frac{0.75^{2}}{10}} }

t = 1.992

<h3>What is null hypothesis?</h3>
  • Conjectures used in statistical tests, which are formal techniques for drawing conclusions or making judgments based on data, include the null hypothesis and the alternative hypothesis.
  • The hypotheses, which are based on a sample of the population, are suppositions regarding a statistical model of the population. The tests are essential components of statistical inference and are frequently used to distinguish between statistical noise and scientific claims when interpreting experimental data in science.
  • The null hypothesis, which is the statement being tested in a test of statistical significance, is typically a declaration of "no effect" or "no difference," and the test of significance is intended to evaluate the strength of the evidence against it

Know more about Null hypothesis

brainly.com/question/19263925

#SPJ4

3 0
2 years ago
During _____ processes for a new project, the organization recognizes that a new project exists, and completes a project charter
never [62]

Answer: (D) Initiating

Explanation:

The Initiating processes is one of the phase in the project management life cycle that is necessary for defining the existing project's main objective, success criteria and also the outcome.

The initiating processes helps in providing the effective information or data that is necessary for the developing the project. It is also refers top the process for obtaining the authorization for the given project.    

 According to the given question, the initiating processes recognizing all the existing projects and also complete all the project charter as part of recognition process.  

 Therefore, Option (D) is correct answer.

5 0
3 years ago
Which are broad categories of action for crafting strategic moves to improve a diversified company's overall performance? (Choos
vlabodo [156]

Question Completion with Options:

O sticking closely with the existing business lineup and pursuing opportunities that those businesses present.

O Divesting certain businesses and retrenching to a narrower base of business operations.

O Widening the company's business scope by making new acquisitions in new industries.

Answer:

The broad categories of action for crafting strategic moves to improve a diversified company's overall performance are:

O sticking closely with the existing business lineup and pursuing opportunities that those businesses present.

O Divesting certain businesses and retrenching to a narrower base of business operations.

O Widening the company's business scope by making new acquisitions in new industries.

Explanation:

In addition to pursuing existing business opportunities, a diversified company can increase its performance indexes by divesting itself of certain unprofitable lines of business or slow-growth businesses and focusing its resources on cash cows and stars.  The pursuit of stars will lead it to make new acquisitions in relatively new industries in order to remain attractive to investors, otherwise, it runs the risk of growing into extinction like the historical dinosaur.

7 0
3 years ago
Certain trends in the recent past have changed the way that businesses are managed and controlled. Four important recent busines
Stolb23 [73]

Answer:

b. Companies are benefiting from e-commerce by buying and selling their products and services to consumers online.

Explanation:

This is the example that shows the pure application of IT in business. E-commerce platforms are something every business that has an online presence has in common. Although businesses can differ by industry or niche, e-commerce is a common information technology trend.

The A. answer may indicate that it is IT related, but it is actually more related to globalization and outsourcing.

4 0
3 years ago
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