1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dexar [7]
2 years ago
15

describes demand when a given change in price causes a relatively larger change in the quantity demanded

Business
1 answer:
kakasveta [241]2 years ago
4 0
Answer:




Explain: Demand is elastic when a change in price causes a relatively larger change in quantity demanded. Demand is inelastic when a change in price causes a relatively smaller change in quantity demanded. Demand is unit elastic when a change in price causes a proportional change in quantity demanded.
You might be interested in
________ involves defining the firm's marketing mix variables so that target customers have a clear, distinctive, desirable unde
ivann1987 [24]

Answer: Positioning

Explanation: Positioning is a marketing strategy which is aimed at defining a brand's quality and offering in a distinctive manner. Positioning is used to set the boundary and establish the differences in the offerings and services by a firm which sets it apart from that offered by competing firms producing similar products or rendering similar services. Positioning defines the stand of a company's product or services in relation to that it's competitors by stating unique offerings of the firm's product. Therefore, giving customers a distinctive knowledge or understanding of the product from that of its competitors.

3 0
3 years ago
Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Lei
g100num [7]

Answer:

d. $119.32

Explanation:

The computation of the total of leiff online purchase is shown below:

= Video game price - discount + sales tax + shipping fee

where,

Video game price is $128

The discount = Video game price × discount percentage

= $128 ×15%

= $19.2

The sales tax =  (Video game price - discount) × sales tax rate

= ($128 - $19.2) ×5.3%

= $5.77

And, the shipping fee is $4.75

Now put these values to the above formula  

So, the value would equal to

= $128 - $19.2 + $5.77 + $4.75

= $119.32

6 0
3 years ago
Macroeconomic forces contribute to an industry's ability to be profitable. Which of the following examples shows how a company m
Elis [28]

Answer:

A home mortgage company creates a sales promotion with incentives for potential home buyers to take advantage of a particularly favourable interest rate.

Explanation:

Companies usually give numerous promotions to their valuable customers to increase the overall sales revenue. In the above scenario, if a home mortgage company creates a sales promotion which attracts customers to buy their product and take advantage of the favourable interest rate is an example of companies focusing on macroeconomic factors. Macroeconomic forces are important for any company to improve profits.

6 0
3 years ago
A company's chart of accounts is: a detailed list of the accounts that make up the five financial statement elements. the set of
polet [3.4K]

Answer:

A detailed list of the accounts that make up the five financial statement elements.

Explanation:

The company's chart of accounts is the listing of all the accounts that the company has included as part of the five financial statement elements during a specific period of time.

The five financial statement elements are: assets, liabilities, equity (part of the balance sheet), expenses and revenues (part of the income statement).

Examples of accounts that can be part of a firm's chart of accounts are: land (asset), cash (asset), notes payable (liabilities), outstanding stock (equity), operating expenses (expenses), and sales revenue (revenues).

The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.

8 0
3 years ago
Supply chain management involves managing: A. managing the stock room supply only. B. the flow of raw materials to inventory onl
aliya0001 [1]

Answer:

Option D is correct because supply chain management is the management of the processes and resources required that flow from the suppliers to the end to the final customer. This also includes the management of stock rooms, raw materials, inventory and internal information as well.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Eagle Equipment Corporation discharges Jay, who then sues Eagle for employment discrimination under Title VII. Eagle learns that
    11·1 answer
  • In control theory, how many control systems are in place to work against our tendencies to deviate?
    6·1 answer
  • Place the steps of the marketing research approach in the correct order. NOTE: The first step should be the top item in your lis
    13·2 answers
  • Jorge and Fred have a product they would like to sell. They decide to share the risks and profits by forming an unincorporated b
    10·2 answers
  • In a master-detail relationship scenario, the fields of the parent object need to be displayed in the related list. How will a d
    7·1 answer
  • All of the following are considered benefits of free trade EXCEPT A) quota reduction. B) growth of trade. Reactivate C) protecti
    5·1 answer
  • An entrepreneur can best be characterized as someone who
    7·2 answers
  • The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process inventor
    15·1 answer
  • Closing entries are journalized and posted:_______.
    14·1 answer
  • Compare and contrast modern workplace, social, and environmental ethical dilemmas in the hospitality industry.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!