Answer:
elastic.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
If demand is elastic and price is decreased, quantity demanded would increase. The increase in quantity demanded would be greater than the decrease in demand and this would lead to an increase in revenue.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Answer:
The target cost for one LittleLaser is $68
Explanation:
For computing the target cost, first we have to compute the profit per laser guns which is shown below:
Profit per gun = (Investment × ROI) ÷ (Number of laser guns sold)
= ($7,828,000 × 25%) ÷ (103,000 laser guns)
= ($1,957,000) ÷ (103,000 laser guns)
= $19
And, the cost price charged is $87
So, the target cost for one Little laser would be
= $87 - $19
= $68
We are need skills to be able to do work. The above means that the leader’s management or organizing skills are particularly important.
<h3>The act of Organizing</h3>
- Organizing is simply known as when one is involve in assigning tasks, giving tasks into departments, sharing authority, and allocating resources etc. in all aspect of the organization.
During the organizing process, managers coordinate employees, resources, policies, and procedures to facilitate the goals identified in the plan.
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