A clear expression of a firm's Organizational purpose will detail why an organization exists, what problems it wishes to solve, and who it wants to be to every person it touches through its work.
<h3>What is a firms organizational purpose?</h3>
This is a terminology that is used to refer to the objectives of the firm as well as the goals and what it hopes to achieve.
It helps to highlight the problems in the society that it wishes to solve and all of its goals.
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Answer:
E=-4.0746
Explanation:
Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:
![E=\frac{\Delta I*O_{avg}}{\Delta O*I_{avg}}\\E=\frac{(37,000-30,000)*\frac{20+19}{2}}{(19-20)*\frac{37,000+30,000}{2}}\\E=-4.0746](https://tex.z-dn.net/?f=E%3D%5Cfrac%7B%5CDelta%20I%2AO_%7Bavg%7D%7D%7B%5CDelta%20O%2AI_%7Bavg%7D%7D%5C%5CE%3D%5Cfrac%7B%2837%2C000-30%2C000%29%2A%5Cfrac%7B20%2B19%7D%7B2%7D%7D%7B%2819-20%29%2A%5Cfrac%7B37%2C000%2B30%2C000%7D%7B2%7D%7D%5C%5CE%3D-4.0746)
Her income elasticity of demand for new outfits is -4.0746.
Answer:
accounts payable
Explanation:
Accounts payable represents the company's obligations to supplies and other third parties that the business owes. It is money that the business should payout to its suppliers. When a business purchases goods and services on credit, it incurs liabilities. Accounts payable are debts and are classified as current liabilities.