Answer:
<em><u>Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.</u></em><em><u>The concept of elasticity for demand is of great importance for determining prices of various factors of production. Factors of production are paid according to their elasticity of demand. In other words, if the demand of a factor is inelastic, its price will be high and if it is elastic, its price will be low.</u></em>
Explanation:
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In antitrust law, the requirement is that if one product or service is purchased, another product or service must also be purchased, even if the customer does not desire it is called a Tie-in Sale.
What is Tie-in Sale?
The selling of one product to a customer with the clearly stated need that they also buy another product. The consumer could not desire the second item, or she might be able to find it cheaper elsewhere. Tie-in agreements that impede competition are prohibited.
Tie-in sales are a sort of restrictive trade practice that involves a supplier requiring that the product's buyer fulfill certain conditions.
To know more about Tie-in Sale, click here:-
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Answer:
QA (Quality Assurance) is the method which prevents or protect the mistakes and the defects in the products which are manufactured and avoid the problem when the product or service is delivered to the customer.
Explanation:
Quality Assurance is the fragment or part of the quality management which aim on offering confidence to an individual that the quality requirements is accomplished.
The quality assurance will be used as: Execution of structured and inspection testing as a quality assurance measure.
It involves the activities of the procedural and administrative and that is executed in the quality system so that the requirements and objectives for a product or service will be accomplished.
It is the process in which the systematic measurement, monitoring the processes and comparison with a standard, and linked the feedback loop which confers the error prevention.
I would say that Juan is using conflict theory that a social revolution is necessary for such things as a more equitable distribution of wealth, to acquire ownership of land and for increased liberty. Most of these things were achieved in the French Revolution and all were achieved in the American Revolution against the oppressive British colonialists.
Answer:
Break-even point for the manual process= 281.11 unit
Explanation:
<em>Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss because the total contribution exactly equals the total fixed costs</em>.
Break even point in units is calculated using this formula:
Break even point in units = Total general fixed cost/ (selling price - Variable cost)
Break-even point for the manual process:
Break-even point in units = $26,380/(99- 5.16) = 281.11 units
Break-even point for the manual process= 281.11 units
