Answer:
d. Generates a change in quantity demanded.
Explanation:
Because in this case only the price is changing and all other factors are held constant the demand curve will not move and any movement that will take place will be along the demand curve. If the price increases the quantity demanded will decrease and if the price decreases the quantity demanded will increase, the reason for this is that the demand curve is downward sloping, therefore a price change will only change the quantity demanded.
The total fixed cost should equal $1000.
<h3>What is the total fixed cost?</h3>
The first step is to determine the average fixed cost. The average fixed cost can be determined by subtracting the average variable costs from average total costs.
$70 - $60 = $10
Total fixed cost is the product of average fixed cost and output
100 x $10 = $1000
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Answer:
E
Explanation
Multiple Unit Pricing is selling a product at a lower price than that of other products of the same categoryThis is true, in case of bulk orders.
A product is sold at a pre-decided price, which is equal or less than the maximum retail price or list price of the product.
Multiple Unit pricing is a pricing strategy which is used to push the sales of the product.
Answer: MRP is a term used in data warehousing to refer to a system that is used to process the day-to-day transactions of an organization. These systems are designed in a manner that processing of day-to-day transactions is performed efficiently and the integrity of the transactional data is preserved.
Explanation: Based on the findings from Young it showed that his management runs an inefficient system that has no accountability and modes of operation in bench marking staff operations on a daily and monthly basis. 2. Records for business transactions should be automated to cushion fraudulent practice from staff or management.
All cheques are bills but all bills are not cheque.
This is correct statement because both cheque and bill are piece of paper which displays money which is to be paid to someone.
A bill is a document which is drawn on any person and there is no name on the bill whereas cheque is a document which is drawn on the payee name only.
Both of these are documents which are used to pay the amount to someone.
A cheque can be drawn payable on demand while bill is drawn on expiry of certain period.
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