Domino's pizza is classified as convinence products.
<h3>What are continence products?</h3>
Convinence products are products or items consumer buys frequently or consistent and at instant without much effort applied into it or minimum effort.
Therefore, Domino's pizza is classified as convinence products because it does not require much effort to get them and it is frequently purchased by consumers.
Learn more about convinence products here.
brainly.com/question/4414292
The fed currently focuses monetary policy on the ; Federal funds rate
Answer:
$224,000
Explanation:
Goodwill from acquiring Mini Company = Cash consideration paid - Fair value of Mini Company's plant and equipment = $371,000 - $147,000 = $224,000
The net increase in Maxi's assets only after paying the cash for Mini is $224,000 i.e. the goodwill from acquiring Mini Company.
Answer:
the larger the number of substitute products available.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
for a good with many substitutes, if the price of the good increases, consumers can easily shift to the consumption of substitutes. so, the change in price leads to a greater change in quantity demanded.
