Answer:
The demand for beer is inelastic
Explanation:
Price Elasticity of Demand (PED) is the measure of responsiveness of the demand of a consumer to a product to a change in the price of the product. The formula is percentage change in quantity demanded divided by percentage change in price.
A PED of greater than 1 is elastic, meaning that the demand for a product is sensitive to the very small change in price.
A PED of less than 1 is said to be inelastic, which implies that there is no significant change in the quantity demanded when the price changes. In our example, the PED is inelastic because:
since 0.25 is less than 1, PED is inelastic
Finally, if the ratio of the percentage changes in both quantities demanded and price equals 1, it is said to be unit elastic. This means that there is a proportionate change in quantity demanded with a change in price.
Answer: A blue ocean type of offensive strategy involves abandoning efforts to beat competitors in existing markets but instead invest a new market segment or industry whereby existing competitors are irrelevant and one which allows a company to create and capture nee demand (Option C)
Explanation:
Blue ocean strategy is the pursuit of differentiation and low cost by firms in order to create a new market space and demand. Blue ocean strategy is about the creation and making use of uncontested market space, which therefore makes competition irrelevant.
Blue ocean strategy are used for industries that are not in existence today, industries that tap the unknown market space and are untainted by competition. The blue oceans gives room for growth as demand is created and not fought for. A blue ocean strategy describes the wider potential and benefits to be enjoyed when an unexplored market is explore.
a company that makes microprocessors and only sells to private companies who make expensive computers. ABC specifically targets the corporate world.
The economic and industrial worlds that will hire students after they have finished high school or college.
What do you mean by business world?
It refers to the area of the world dominated by companies. It signifies a separation between the "corporate world" and the "ordinary world." It speaks of CEOs, businesses, their deeds, and everyone who works for them. The entire corporate world is involved.
To know more about corporate world.
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Answer:
A - adjust project schedules and priorities accordingly
Explanation:
As a project manager, one of your key traits is to be resourceful and be able to work with what you have, whether it is a small team or a lack of some physical supporting resources. One must be able to change the schedule and begin with tasks that do not need the resources that one is being starved. Prioritising will ensure that the project is nearing completion while negotiations for partial assistance are being done for the functional manager to release the required resources, failing which, top management needs to notified of the consequences and the cause of the delays in the project. Updating ones resume because of a negotiation problem does not help the situation. A project manager must be able to prioritise and implement key deliverables using alternative, available resources
B., because the unemployment rate is the people who were employed
