Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.
How a change in price impacts consumer demand is assessed using the price elasticity of demand.
A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).
Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).
The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.
You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.
Learn more about price elasticity of demand here.
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Answer: D) overall cost leadership, differentiation, and focus
Explanation:
Answer:
Direct material price variance= $3,720 favorable
Explanation:
<u>To calculate the direct material price variance, we need to use the following formula:</u>
<u></u>
Direct material price variance= (standard price - actual price)*actual quantity
Actual cost= $5.4
Standard cost= $6.2
Actual quantity= 4,650
Direct material price variance= (6.2 - 5.4)*4,650
Direct material price variance=$3,720 favorable
Answer:
correct option is b. 6.78%
Explanation:
given data
required return = 12%
stock sells = $43 per share
dividend = $1.00
expected to grow = 30%
D4 = $1.00 × 
= $2.8561
solution
we get here first present value of dividend for 4 year that is
year cash flow pv(13%) present value
1 $1.30 0.8929 $1.16
2 $1.69 0.7972 $1.35
3 $2.20 0.7118 $1.56
4 $2.86 0.6355 $1.82
so
present value of dividend for 4 year is = $5.8868
so
price of stock will be
price of stock = present value of dividend + price at year 4
43 = 5.8868 + 
solve it we get
x = 6.78%
so correct option is b. 6.78%
