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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.

You might be interested in
When a corporation wants to raise funds by issuing new stocks or bonds, it generally uses the services of _____.
choli [55]

Answer:

The correct answer is e. an investment banker

Explanation:

Investment bankers are behind some of the biggest businesses that develop in the stock market. These banking professionals are hired by companies to obtain money or capital in the stock market for the main milestones that will occur in the existence of a corporation. Once the relationships between corporate management teams and investment banks are established, the same teams often work together for subsequent events in the stock market. Investment bankers decide how to value companies and offers, and impact opportunities for investors.

6 0
3 years ago
zero-coupon bond is a security that pays no interest, and is therefore bought at a substantial discount from its face value. If
trasher [3.6K]

Answer:

$1,203.83

Explanation:

For computing the present value using the continuous compounding we need to apply the formula and the calculation part is also shown in the spreadsheet. Kindly find it below.

Given that

Face value = $2,600

Interest rate = 11%

Time period = 7 years

The formula is shown below:

= Face value ÷ EXP (Interest rate × Time period)

= $2,600 ÷ EXP (11% × 7)

= $1,203.83

8 0
3 years ago
Write any 4 points regarding the nature of target customers, which in the present times has led to the growing importance of ‘Pe
Kryger [21]

Answer:

A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:

  • What kind of people we’re looking?
  • Where to find them?
  • What our customers want from our brand, to adapt our value proposition so that our brand is relevant to a specific need or problem?
  • How they compare and choose products to adjust marketing campaigns to make our offering seem the most compelling?

Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.

Explanation:

Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.

7 0
3 years ago
Lemony Company made sales of $38,000 million during 2018. Cost of goods sold for the year totaled $16,340 million. At the end of
Evgesh-ka [11]

Answer:

Gross profit = 57%

Inventory turnover  = 8.60 Times

Explanation:

The gross profit percentage can be calculated by dividing the gross profit by sales. Inventory turnover can be calculated by dividing the cost of goods sold by the average inventory, in this case average inventory is not given in the question. Average inventory can be calculated by dividing the sum of opening and closing inventory with 2.

Gross profit =  (Sales - Cost of goods sold) / Sales x 100

Gross profit = (38,000 - 16,340) /38000 x 100%

Gross profit = 21,660/38,000 x 100

Gross profit = 57%

Inventory turnover = Cost of goods sold / Average inventory

Inventory turnover = 16340/1900

Inventory turnover  = 8.60 Times

Average inventory = (1800 + 2000) /2

Average inventory = 1900 Million

8 0
3 years ago
Which of the following would NOT shift an economy's PPF? *
Lelechka [254]

Answer:

a technological advance

Explanation:

thats a waste of money

5 0
3 years ago
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