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1 year ago

A product with a low level of elasticity of demand has which feature?

1 answer:

6 0

C is the correct answer. A product with low elasticity of demand is most often a neccessity and price does not affect demand. The demand for a low elasticity of demand product changes very little over time

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Certain types of contracts must be in writing pursuant to the statute of _____.

marta [7]

Certain types of contracts must be in writing pursuant to the statute of "frauds".

A state statute that necessitates certain kinds of agreements to be written, expected to guarantee that terms of imperative contracts are not overlooked, misconstrued, or fabricated, reason for this is to smother misrepresentation, fraudulent cases, some of the time envisioned in light of ensuing occasions or basically invoked.

5 0

2 years ago

A marketing manager has just estimated that her firm's marginal revenue will become negative if a proposed price cut is made.

Viktor [21]

Answer:

D. More Units may be sold - but total revenue will be less than it would be at the higher price

Explanation:

Marginal Revenue (MR) represents the additional revenue that can be obtained if sales of a product are increased by one unit.

MR= is change in Total Revenue/Change in Total Output Quantity

In this situation as envisaged by the Marketing Manager, a price cut will lead to an increase in revenue based on more (marginal) units of the product sold at a lower price. The challenge, however, is that this increase in income will not be enough to offset the decrease in revenue that will result as a result of the price cut.

In other words, the organisation is better off selling fewer products or units at its current price than sell more (marginal units) at a reduced price.

7 0

2 years ago

Rachel's Recordings reported net income of $250,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000

pentagon [3]

Answer:

Rachel's net cash flows from operating activities would be $264,500

Explanation:

In order to calculate Rachel's net cash flows from operating activities we would have to calculate the following formula:

cash flows from operating activities=Net income+Increase in accounts payable+ decrease in accounts payable

Net income=$250,000

Increase in accounts payable=Ending balance-Beginning Balance

Increase in accounts payable=$30,000-$23,000

Increase in accounts payable=$7,000

decrease in accounts payable=Ending balance-Beginning Balance

decrease in accounts payable=$10,500-$18,000

decrease in accounts payable=$7,500

Therefore, cash flows from operating activities=$250,000+$7,000+$7,500

cash flows from operating activities=$264,500

Rachel's net cash flows from operating activities would be $264,500

8 0

2 years ago

A writer, an illustrator, a publisher and an agent would form a ______. a. functional team b. cross-functional team c. managemen

tresset_1 [31]

A Cross-functional team will be formed when a writer, an illustrator, a publisher and an agent work together.

<h3>What is a Cross-functional team?</h3>

This means the groups of people from various departments in an organization that work together to achieve a common goal.

Hence, when writer, an illustrator, a publisher and an agent work together, this is known as a Cross-functional team.

Therefore, the Option B is correct.

Read more about Cross functional team

<em>brainly.com/question/7628770</em>

6 0

2 years ago

A company manufactures three products, A, B, and C. The following information is available about the products on a per unit basi

borishaifa [10]

Answer:

Hi the demand for each product for this question is missing, however, i have provided step by step approach to solving the problem below .

Explanation:

First Calculate the contribution per unit of each product

A B C

Sales price $65.50 $57.50 $75.25

Less Total variable cost ($28.85) ($26.50) ($38.95 )

Less Direct material cost ($11.25) ($8.90) ($22.75)

Contribution $25.40 $22.10 $13.25

Calculate the contribution per limiting factor of each product and rank the products

<em>contribution per limiting factor = contribution per unit ÷ quantity per limiting factor per unit</em>

A B C

Contribution $25.40 $22.10 $13.25

Quantity of limiting factor 4.65 6.3 5.9

Contribution per limiting factor 5.46 3.51 2.25

Ranking 1 2 3

Allocate the limiting factor according to the limiting factor

The company will on produce Product A as this is the most profitable.

Contribution = $25.40

7 0

2 years ago