Answer:
Elastic/ Inelastic
Explanation:
Price elasticity of demand is a tool use to measure in economics to show the elasticity, or responsiveness, of the demanded quantity of goods or services to increase in its price. When the price of a good or service changes, inelastic demand is when the buyer's demand does not change when the price of the good or service changes.
Answer:
A subcontractor outside the company
Explanation:
Outsourcing stands for an external entity that supplies a service to the company, therefore the company receives a final service of product and do not deal directly with the operation.
I believe the answer is Pareto diagram
Pareto diagram refers to a diagram that used the combination of both lines and bars, and write the value of data in descending order.
This diagarm is mostly used by organization in order to analyze the defect from the most commonly occured to the least.
Answer:
c. $596,101.17
Explanation:
We use the PV function that is presented in the attached spreadsheet. Kindly find it below:
Provided that,
Future value = $0
Rate of interest = 5% ÷ 12 months = 0.4166%
NPER = 30 years × 12 months = 360 months
PMT = $3,200
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the largest loan you can obtain is $596,101.17
Answer:
1) Companies are price takers. <u>It is not a characteristic of monopolistic competition.
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Explanation: In monopolistic competition, the products offered are characterized by differentiation and this differentiation gives companies market power, to be able to decide when setting their prices and not be price takers.
