Answer:
Yes because a person with a lower income may tend to spend a greater share of his income on gasoline
Explanation:
For example, if a low income individual earning $1000 and a high-income person who earns $2000 each purchase 12 gallons of gasoline, the taxes on this purchase will consume a larger portion of the low-income person’s earnings than that of the high-income person. Assuming a tax rate of 5% of earnings multiplied by 12 Gallons.
Low income individual earnings after tax deductions= $400
High income individual earnings after tax deductions= $800
Answer: A person who owns and runs a business, which is normally a small business (eg. Shop Owner).
The sole trader has unlimited liability, meaning that his assets will be used in case of default to pay.
Often, products enter decline the stage of the product life cycle not due to any error in strategy but because of environmental changes.
<h3>What is product life cycle?</h3>
A product life cycle is the amount of time a product goes from being introduced into the market until it's taken off the shelves. There are four stages in a product's life cycle—introduction, growth, maturity, and decline.
<h3>What is the decline stage?</h3>
The final stage of the product life cycle (after introductory stage, growth stage and maturity stage) when sales are dropping because the original need and want have diminished or because another product innovation has been introduced.
The sales of most products will decline at some stage. This can be due to factors such as technological advances, trends, innovation or changing consumer tastes. You will know when your product reaches the decline stage of its life cycle because you will notice a significant downturn in the revenue it generates.
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The process of credentialing helps in identification and verification of the personnel in an organization.
<h3>What is credentialing?</h3>
The process that involves the documentation of an individual for the purpose of ensuring and authenticating the true and fairness of the qualifications of an individual associated with the organization is known as credentialing.
It is one of the most important function of the resource management system, which ensures that the organization can be assured of the skills mentioned by the personnel.
Hence, credentialing process is as defined above.
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