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andrew11 [14]
3 years ago
8

A shop sells 20 hats per week at $10 each. When it increases the price to $12, the number of hats sold falls to 15 per week. We

can conclude that: The elasticity of demand can be estimated as Answer
Business
1 answer:
kipiarov [429]3 years ago
7 0

Answer:

Estimated as Elastic Demand

Explanation:

Elastic demand is where a change in price causes a significant change in demand, therefore 20 hats to 15 hats can be considered significant and we can conclude that it's elastic demand.

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What happens if The People do not know what they want, or are just plain ignorant?
AleksAgata [21]

Answer:

There dodo brains -_-   obviously

Explanation:

8 0
3 years ago
After selecting a target market and a retail mix, the final element in a retail strategy is the identification of prospective wh
rusak2 [61]

Answer:

False

Explanation:

There are business that do not need wholesale distributors, as online commerce expands, the supply chains are shrinking, e.g. Xiaomi is a Chinese smartphone manufacturer that only sells its phones online, and it is the fourth largest cellphone manufacturer in the world.

There are 5 elements in developing a retail strategy:

  1. scope
  2. goals and objectives
  3. resource deployment
  4. sustainable competitive advantage
  5. synergy

3 0
3 years ago
20. A financial analyst at RMO Manufacturing Corporation has assembled the following data for the last fiscal year. All data is
german

Net Income for an organization is the Profit After tax and dividend paid. The formula for Net Income is:

Net Income = Sales - Cost of goods Sold - Operating Expenses - Return and Allowances - Taxes - Cash dividends

From the data given,

Sales = $12 Million

Cost of Goods Sold = $3 Million

Operating Expenses = $3 Million

Interest Expenses = $0.5 Million

Returns and Allowances = $1 Million

Taxes = $0.1 Million

Cash Dividend = $0.4 Million

By putting the variables in the above formula,

Net Income = $12 Million - $3 Million - $1 Million - $3 Million - $0.5 Million - $0.1 Million - $0.4 Million

Net Income = $4 Million

<u>Therefore, the answer is B Net Income is $ 4 Million</u>

7 0
3 years ago
Read 2 more answers
Join im with a friend pls join plsssssss
ehidna [41]
Huh ??? This ain’t zoo
6 0
3 years ago
Read 2 more answers
True or False: To segment the rights to which certain common shareholders are entitled, companies often separate common equity i
Butoxors [25]

Answer:

The correct answer is True.

Explanation:

Classified shares is a title issued by a company that represents the value of one of the equal fractions into which its share capital is divided. As an investment, it involves an investment in equities, since it does not have a fixed return established by contract, but depends on the good performance of the company.

7 0
3 years ago
Read 2 more answers
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