Which of the following is a disadvantage to choosing a sole proprietorship business structure? The owner has personal responsibility for the company's liabilities.
A sole proprietorship is the simplest business form that can be operated. A sole proprietorship is owned by one individual and they are responsible for all of the debts the company has. The business is ran by one person and there is no distinction between the person and the business, both fall under the same number (social security number) when filing taxes.
Answer:
The correct answer is a. more elastic demands.
Explanation:
There are some goods whose demand is very price sensitive, small variations in their price cause large variations in the quantity demanded. It is said of them that they have elastic demand. The goods that, on the contrary, are not sensitive to price are those of inelastic or rigid demand. In these large variations in prices can occur without consumers varying the quantities they demand. The intermediate case is called unit elasticity.
The elasticity of demand is measured by calculating the percentage by which the quantity demanded of a good varies when its price varies by one percent. If the result of the operation is greater than one, the demand for that good is elastic; If the result is between zero and one, its demand is inelastic.
The factors that influence the demand for a good to be more or less elastic are:
1) Type of needs that satisfies the good. If the good is of first necessity the demand is inelastic, it is acquired whatever the price; On the other hand, if the good is luxurious, the demand will be elastic since if the price increases a little, many consumers will be able to do without it.
2) Existence of substitute goods. If there are good substitutes, the demand for good will be very elastic. For example, a small increase in the price of olive oil can cause a large number of housewives to decide to use sunflower.
Answer: Civics is the study of the rights and duties of citizens.
Explanation:
The 4 C's of the marketing mix are: consumer wants and needs/value, cost, convenience, and communication. Communication is the aspect that aligns with promotion when relating the 4 C's to the 4 P'S of marketing. When you promote a product you are using commication to get the product promoted to the consumer. You need to be able to reach your audience so that you can actively promote the production. To communicate you need to have your information together, know how to tailor your pitch, and make sure your audience connects with you and your product.
Answer:
Access, original owner, need not, confusion, fungible, ownership, innocent owner
Explanation:
Access occurs when someone adds value to an item of personal property by use of labor or materials. Generally, the original owner owns the property after this occurs. If the improvement was made without the permission of the owner, the owner need not pay for it. confusion is the commingling of goods to the extent that the goods of one owner cannot be distinguished from the goods of another owner. This often occurs with tangible goods. If this occurs because of agreement, mistake or the act of a third party, the owners share ownership in proportion to their contributions. If it happens because of the wrongful act of one owner, the innocent owner acquires title to the whole lot of goods.
