Answers
Answer:
Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower
Explanation:
Credit limit can be defined as the highest or maximum amount of credit that either a financial institution or other lender will tend to extend to a debtor due to a particular line of credit or allow a consumer to spend using a credit card in which the limits are determined by banks, alternative lenders, and credit card companies and are often based on several pieces of information which are related to the borrower.
INTEREST RATE can be defined as the amount that are been charged and said to be expressed as a percentage of the principal, by a lender to a borrower for the use of an assets.
Therefore Tamera's credit limit is most likely higher than Rupert's, and her interest rate is most likely lower because they both
applied for the same credit card through the same company in which Tamera has a positive credit history while Rupert has a negative credit history.
Answer:
The Answer is A in Edge
Explanation:
quiz
Related Questions
What criteria do accountants use to decide whether to use present or future values in accounting statements?
Answers
Answer:
Present value is nothing but how much future sum of money worth today. It is one of the important concepts in finance and it is a basis for stock pricing, bond pricing, financial modeling, banking, and insurance, etc. Present value provides us with an estimated amount to be spent today to have an investment worth a certain amount of money at a specific point in the future. Present value is also called a discounted value. It is an indicator for investors that whatever money he will receive today can earn a return in the future. With the help of present value, method investors calculate the present value of a firm’s expected cash flow to decide if a stock is worth to invest today or not.
The formula for calculating PV is shown below
PV = CF/ (1+r)n
Here ‘CF’ is future cash flow, ‘r’ is a discounted rate of return and ‘n’ is the number of periods or year.
Example
Let’s say that you have been promised by someone that he will give you 10,000.00 Rs 5 year from today and interest rate is 8% so no we want to know what the present value of 10,000.00 Rs which you will receive in future so,
PV = 10,000/ (1+0.08)5
PV = 6805.83 (To the nearest Decimal)
So present-day value of Rs 10,000.00 is Rs 6805.83
Explanation:
This is weird what is ya favorite anime character
Answers
Answer:
naruto
Explanation:
He is my favourite anime character.........
why it is important to determine the difference between wants and needs
Answers
Sometimes our desires are so strong they seem to be needed. Similarly to this, we could discover that something we previously thought of as a want is actually something we actually need.
The main distinction in wants and needs lies in the fact that needs are seen as being necessary for our continuing existence and well-being, whilst wants are seen as being extraneous. The distinction between wants and necessities is not as straightforward as it may seem, despite how simple it may seem.
The distinction between wants and necessities—like food, water, and shelter—is very clear-cut.
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Franchising is typically done by
O cooperatives.
O partnerships.
O LLC
O corporations
Answers
Answer:A
Explanation:
Franchising is typically done by D. corporations.
What is franchising?Franchising is a business arrangement in which franchisees are granted licenses by the franchisors to use their trademarks or business processes in carrying out their businesses.
Franchising can occur with these businesses:
Job franchiseProduct franchiseBusiness format (or process) franchise.Thus, franchising is typically done by D. corporations.
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Identical products in fixed quantities can be produced in....
A . Job Production
B . Batch Production
C . Flow Production
D . Lean Production
Answers
Identical products in fixed quantities can be produced in B . Batch Production.
What is batch production?Batch production is a production method whereby a group of identical products is produced at the same time.
The batch size and frequency are predetermined. As a batch, units go through the different stages of the manufacturing process together.
The idea of batch production can be differentiated from Job Production, Flow or Continuous Production, and Lean Production by the emphasis that each production method places.
Thus, when identical products are produced in fixed quantities, they are described as undergoing Batch Production.
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Click this link to view O'NET's Tasks section for Film and Video Editors.
Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O‘NET, what are common tasks performed by Film and Video Editors? Check all that apply.
marketing and selling movies and films to customers
giving direction to actors to make sure they follow scripts
organizing and stringing together raw footage into a whole
determining the audio and visual effects and music needed
reviewing assembled films or edited videotapes
trimming film segments and reassembling segments
Answers
Answer:
3 4 5 6
Explanation:
just did it on edg 2021
The common tasks for Film and Video editors are organizing and stringing together raw footage into a whole, determining the audio and visual effects and music needed, reviewing assembled films or edited videotapes and trimming film segments and reassembling segments.
What is Video editing?
The arranging and alteration of video shots is known as video editing. All video content, including movies, television series, video advertising, and video essays, is organized and presented using video editing.
Post-production is another name for the process of editing videos.
The three main phases of a video are:
Pre-productionproduction, and post-productionThe main objective of editing is to make the video as orderly and fluid as possible. To do this, the editor collaborates with the director, producer, and others.
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What do you think were the major equity issues faced by health care workers during the pandemic?
Answers
Answer:
f
Explanation:f
Hope this works
2 words that ryme on the same line is called?
Answers
Answer:A couplet usually consists of two successive lines that rhyme and have the same metre. A couplet may be formal (closed) or run-on (open). In a formal (or closed) couplet, each of the two lines is end-stopped, implying that there is a grammatical pause at the end of a line of verse.
Explanation:Hoped this helped u kind sir or ma'am and have an great day! And also may i plz have brainlist?
What are two accounting information problems?
Answers
Here are two common accounting information problems:
1. Lack of accurate and timely information: Accounting and financial information needs to be precise and available when managers and key stakeholders need them to make important business decisions. Without accurate and current information, decision making can be suboptimal.
2. Information overload: With the proliferation of data and reports in organizations, decision makers can be overloaded with irrelevant information, making it difficult to identify what information is most critical and useful. Relevant information can get buried under a mountain of excess data and metrics.
These problems highlight the need for well-designed accounting information systems that provide the right information at the right time to the right people in a concise and easy to consume format.
5. A manufacturing firm produces widgets and distributes them to five wholesalers at a fixed delivered price of $2.50 per unit. Sales forecasts indicate that monthly deliveries will be 2700, 2700, 9000, 4500 and 3600 widgets to wholesalers 1-5 respectively. The monthly production capacities are 4500, 9000 and 11,250 at plants 1, 2 and 3, respectively. The direct costs of producing each widget are $2 at plant 1, $1 at plant 2 and $1.80 at plant 3. The transport cost of shipping a widget from a plant to a wholesaler is given below.
Plant/wholesaler 1 2 3 4 5
Plant 1 0.05 0.07 0.11 0.15 0.16
Plant 2 0.08 0.06 0.10 0.12 0.15
Plant 3 0.10 0.09 0.09 0.09 0.16
Required:
A) Formulate an LP model for this production and distribution problem.
B) Find the Initial Basic Feasible Solution through VAM.
C) Test the optimality of VAM’s solution through MODI method.
Answers
A) Formulating the LP model for this problem would involve the following steps:
Identifying the decision variables: The decision variables in this problem would be the number of widgets to be produced at each plant and the number of widgets to be delivered from each plant to each wholesaler.
Defining the objective function: The objective of this problem is to minimize the total cost of production and distribution, which would be the sum of the direct costs of producing each widget and the transport costs of shipping the widgets from the plants to the wholesalers.
Defining the constraints: The constraints in this problem would include production capacity constraints, which specify the maximum number of widgets that can be produced at each plant, and demand constraints, which specify the number of widgets that must be delivered to each wholesaler.
The LP model can be written as:
Minimize Z = 2x1 + x2 + 1.8x3 + 0.05x11 + 0.07x12 + 0.11x13 + 0.15x14 + 0.16x15 + 0.08x21 + 0.06x22 + 0.1x23 + 0.12x24 + 0.15x25 + 0.1x31 + 0.09x32 + 0.09x33 + 0.09x34 + 0.16x35
Subject to:
x1 <= 4500 (Production constraint at plant 1)
x2 <= 9000 (Production constraint at plant 2)
x3 <= 11,250 (Production constraint at plant 3)
x11 + x12 + x13 + x14 + x15 = 2700 (Demand constraint for wholesaler 1)
x21 + x22 + x23 + x24 + x25 = 2700 (Demand constraint for wholesaler 2)
x31 + x32 + x33 + x34 + x35 = 9000 (Demand constraint for wholesaler 3)
x41 + x42 + x43 + x44 + x45 = 4500 (Demand constraint for wholesaler 4)
x51 + x52 + x53 + x54 + x55 = 3600 (Demand constraint for wholesaler 5)
x1, x2, x3, xij >= 0 (Non-negativity constraints)
B) Finding the Initial Basic Feasible Solution through VAM (Variable Addition Method) would involve the following steps:
Setting up the initial feasible solution by assigning 0 to all the decision variables.
Determining the entering variable by selecting the non-basic variable with the most negative reduced cost.
Determining the leaving variable by selecting the basic variable with the smallest positive ratio of the right-hand side constraint to the coefficient of the entering variable.
Updating the basic feasible solution by replacing the leaving variable with the entering variable.
Repeating steps 2 to 4 until all the reduced costs are non-negative.
C) Testing the optimality of VAM’s solution through MODI method (Modified Distribution Method) would involve the following steps:
Forming the inverse matrix by calculating the inverse of the matrix of coefficients of the basic variables.
Calculating the vector of reduced costs by multiplying the inverse matrix with the objective function coefficients of the non-basic variables.
Checking if all the reduced costs are non-negative, if so, the solution is optimal.
If not, select the entering variable with the most negative reduced cost and repeat steps 1 to 3 until all the reduced costs are non-negative
The Garret family wants to take advantage of their state's
(blank) to pay for their child’s college tuition.
Answers
Answer:
insurance ?? just guessing but good luck.
g Which of the following statements is true of clustering? A. It uses different suppliers and distribution channels for interdependent companies within an industry. B. It seldom uses specialized labor. C. It helps a firm gain an increase in efficiencies. D. It typically increases the costs of production and distribution.
Answers
Answer: C. It helps a firm gain an increase in efficiencies.
Explanation:
Clustering refers to the geographic concentration of the businesses and the suppliers that are interconnected in a particular field.
The aim of clusters is to help increase efficiencies as well as being about an increase the productivity through which companies can compete.
Therefore, the correct option is C.
Direct examples of the functions of a financial system include
(Select all that apply.) ?
1. a business owner accepting payments via PayPal
2. a bank hiring three new tellers when a new branch opens
3. ensuring that personal information entered electronically is safe
4. a financial institution extending a line of credit to a small business
Answers
Codes of ethics are insufficient and do not serve their proper purpose if they are intended only to ensure that company policies are legal.
A. True
B. False
Answers
Walkers (Pty) Ltd manufactures a basic baby walker product by means of a single manufacturing process and uses a process costing system. Raw materials are added at the beginning of the process and the conversion costs are evenly incurred during the process. The following information is available for November 2022: 8 000 units Material cost: R400 000 Opening work in progress (25% complete) Put in production Completed and transferred Closing work in progress (80% complete) Additional information: ● 15 000 units REQUIRED: 20 000 units 1 250 units Material cost: R900 000 Cost of conversion: R120 000 Cost of conversion: R3 100 000 Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. The company uses the weighted average method of inventory valuation. Prepare the process cost report for Walkers (Pty) Ltd using the weighted average method of stock valuation i.e. 2.1 Prepare the quantity statement (with the equivalent production) 2.2 Prepare the cost statement 2.3 Calculate and allocate the normal loss in Rands 2.4 Prepare the cost allocation statement Tabulate your answers as far as possible. (16 marks) (7 marks) (8 marks) (14 marks)
Answers
The normal loss is not allocated to completed units, as it is a normal part of the process and therefore is considered a joint cost. Below are the quantity statement, cost statement, and cost allocation statement.
What constitute the statements?2.1 Quantity Statement (with equivalent production)
| Process Stage | Units (physical) | % of completion | Equivalent Production Units |
| Opening WIP | 2,000 | 25% | 500 |
| Started production | 15,000 | 100% | 15,000 |
| Total | 17,000 | | 15,500 |
| Completed & Transferred | 8,000 | 100% | 8,000 |
| Closing WIP (80%) | 9,000 | 80% | 7,200 |
| Total Output | 8,000 | 100% | 8,000 |
2.2 Cost Statement
| Process Stage | Material Cost | Conversion Cost | Total Cost | Cost per Equivalent Production Unit |
| Opening WIP | R100,000 | R10,000 | R110,000 | R220.00 |
| Started production | R600,000 | R80,000 | R680,000 | R45.33 |
| Total (transferred) | R400,000 | R50,000 | R450,000 | R56.25 |
| Closing WIP | R200,000 | R26,000 | R226,000 | R31.39 |
| Total | R1,300,000 | R166,000 | R1,466,000 | R94.58 |
2.3 Normal Loss Calculation
Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. Therefore, calculate the equivalent production units for the normal loss separately.
Inputs for normal loss: 15,000 units x 105% (to account for normal loss) = 15,750 units
| Process Stage | Units (physical) | % of completion | Equivalent Production Units |
| Normal Loss | 15,750 | 20% | 3,150 |
| Total | 15,750 | | 3,150 |
The normal loss is 3,150 equivalent production units.
2.4 Cost Allocation Statement
| Cost Item | Total Cost | Cost per EPU | Cost per completed unit |
| Material Cost | R1,300,000 | R84.52 | R162.50 |
| Conversion Cost | R166,000 | R10.75 | R20.75|
| Normal Loss Allocation | R39,075 | R12.40 | - |
| Total Cost | R1,505,075 | | |
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Which is an example of a good URL?
A.
http://www.sedl.org/abcd.html
B.
http://www.sedl.org/expertise/current_projects.html
C.
http://www.sedl.org/some_text_here_which_is_a_part_of_the_URL_and_is_a_resource_identifier.html
D.
http://www.sedl.org/expertise/currentinterestingprojects.html
Answers
Answer:
The example of a good URL is ".gov and .org¨
Explanation:
http://www.sedl.org/expertise/current_projects.html is an example of a good URL. Therefore option B is correct.
What is a URL?
An Internet resource may be found using a URL (Uniform Resource Locator), a special identifier. It is additionally known as a web address. URLs contain several components, such as a protocol and domain name, which instruct a web browser on how and from where to retrieve a resource.
In addition to the resource name, the URL also includes the name of the protocol required to access the resource. The protocol to utilize as the main access medium is specified in the first portion of a URL. The location of the resource is indicated by its IP address, domain name, and sometimes a subdomain in the second portion.
Only the ASCII character set may be used to send URLs over the Internet. The URL must be changed into a proper ASCII format since URLs frequently contain non-ASCII characters. Unsafe ASCII characters are replaced by a "%" and two hexadecimal digits in URL encoding. Spaces are not permitted in URLs.
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Drag the tiles to the boxes to form correct pairs.
Henry's company has just finished publishing the final batch of their monthly magazine. Henry is supposed to make sure that the finished magazines
reach the distributors. He has been told about the stages involved in this deployment. However, he is unsure about the processes that take place in
those stages. Match the stages to the work done in them to help Henry.
All rights reserved.
storing
preparing
wrapping
loading
JOLL
The output is divided into different sections.
The boxes and crates are transferred onto the transportation.
The output is packaged into boxes and crates.
The output is kept in a cool and dry place.
Σ
O
Answers
A magazine, also called a periodical, is a printed or digitally published collection of texts (essays, articles, stories, poems), often illustrated, that is produced at regular intervals (excluding newspapers).
What is the meaning of a magazine?A magazine, also known as a periodical, is a printed or digitally published compilation of texts (essays, articles, short tales, and poems), frequently illustrated (excluding newspapers).
The word "magazine" originates in Arabic magazine, the plural of makhani, which means "depot, storeroom" (originally a military storehouse). Medieval French magasin and Italian magazzino are the languages that brought this word to English. The word "magazine" originally meant a place or thing used for storing.
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operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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can someone help me with the picture above please. if your right i’ll give you the extra points
Answers
explanation: i used process of elimination:
not a because the questions doesn’t mention security
not b because that is unlikely
not d because that not universally true
**in my opinion**
If a lift isn't working properly, it should be checked by a qualified lift service technician before use.
True or false
I NEED HELP
Answers
Answer:
True
Explanation:
It's late at night and I can't help but think you wouldn't be safe to trust something that isn't working properly. Stairs always work. Take them. The statement is true.
Answer:
True
Explanation:
If something isn't working properly, it should always be checked by a expert.
what are the challenges associated with not being ‘tech savvy’ in 2023?
Answers
As the world keeps advancing technologically, being tech-savvy becomes increasingly important. However, not being tech-savvy in 2023 may pose a lot of challenges. Some of these challenges are :Job Market, Learning,Communication,Security.
Job Market: In 2023, there will be more tech-based jobs than there currently are. Being not tech-savvy would make it difficult for an individual to secure employment in such sectors. This means that those who are not tech-savvy would be limited to jobs that require no technical skills.Learning: Due to the increased importance of technology, those who are not tech-savvy would find it challenging to learn new things. This means that they would be unable to benefit from new technology, apps, and software that are released in the market. They may also face difficulties while navigating technology-based environments.Communication: In 2023, communication will be more technology-driven than ever before. Those who are not tech-savvy may find it challenging to communicate with others effectively. This may lead to miscommunication and misunderstandings which could impact personal and professional relationships.Security: Cybersecurity is a significant concern in today's world. Not being tech-savvy could make it difficult for an individual to secure their information, devices, and accounts. This could lead to loss of data, identity theft, and other forms of cybercrime.In conclusion, being tech-savvy in 2023 is essential to success, as the world will be driven by technology. Those who do not embrace technology may find themselves limited in terms of employment opportunities, communication, and personal security.
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In 2018, Alpha Company had $48,000,000 in Sales/Revenues, $15,500,000 in Costs of Goods Sold (COGS), $3,600,000 in Sales, General, and Administrative (SG&A) expenses, $1,200,000 in Depreciation expenses, $550,000 in interest payment, and $4,125,000 in taxes. The firm also paid $1,900,000 in dividends to shareholders that year. By how much did Alpha Company's Retained Earnings increase in 2018? Group of answer choices $27,150,000 $1,900,000 $21,125,000 $23,025,000
Answers
Retained earnings increased by $21,125,000. (third option)
What is the increase in retained earnings?Retained earnings is net income less distributions to shareholders in the form of dividend payment.
Retained earnings = net income - dividend payment
Net income is revenue less deductions. Deductions include cost of goods sold, Sales, General, and Administrative (SG&A) expenses, depreciation, interest payment and taxes
Net income = sales - (COGS + SG&A + depreciation + interest + taxes)
$48,000,000 - ($15,500,000 + $3,600,000 + $1,200,000 + $550,000 + $4,125,000 )
$48,000,000 - 24,975,000 = 23,025,000
Retained earnings = 23,025,000 - $1,900,000 = $21,125,000
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Kathy is 42 years old and has been diagnosed with a rare case of early onset Alzheimer's disease. While there are drugs that can control her condition, there is no known cure. When she reads a newspaper article that a claimed cure has been discovered in Sweden, she requests the drug from her doctor who informs her that the drug is not legal in the United States and cannot be purchased outside of Sweden. Kathy files a lawsuit in federal court to allow her to purchase and use the drug. The federal district court determines that the case must be suspended and referred to the Food and Drug Administration for initial review and determination. What is the doctrine that the district court justice is following?
A. Determining proper standing
B. Exhaustion of remedies
C. Primary jurisdiction
D. Judicial delegation
E. Judicial review
Answers
Answer:
e I think if not I'm sorry
The district court justice's judicial review doctrine. Thus option (C) is correct.
What is court?A court is any person or institution with the jurisdiction to arbitrate legal disputes between parties and administer justice in civil, criminal, and administrative affairs in conformity with the rule of law. A court, often known as a court of law, is a person or group of people with the legal jurisdiction to hear and settle disputes in civil, criminal, ecclesiastical, or military issues.
The District Court handles significant criminal offenses including burglaries, offenses, assaults, serious fraud, commercial theft, and assaults. Additionally, the District Court has unrestricted jurisdiction over claims for damages for personal injury and adjudicates civil claims up to $750,000.
Therefore, Thus option (C) is correct.
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Sandhill Company's financial information is presented below. Purchase returns and allowances $15680 Purchases $269500 Sales returns and allowances 10780 Ending inventory 31360 Net sales 470400 Cost of goods sold 284200 How much is gross profit
Answers
Based on the information given the gross profit is $186,200.
Gross profitUsing this formula
Gross profit=Net sales– Cost of Goods Sold
Where:
Net sales=470400
Cost of Goods Sold=284200
Let plug in the formula
Gross profit=470400-284200
Gross profit=186,200
Inconclusion the gross profit is $186,200.
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What are the OSHA guidelines for reporting injuries, illnesses, and fatalities?
Answers
Answer:
(Answers may vary.)
I know that as per OSHA guidelines, I must report workplace related accidents. I would ensure I implement the following OSHA guidelines:
I will report any worker fatality within 8 hours.
I will report any amputation, loss of an eye, or hospitalization of a worker within 24 hours.
Since I have more than 10 employees, I will keep a record of any serious work-related injuries and illnesses for five years.
Explanation:
The process of allocating funds to projects and investments includes the following:
A. Analysis
B. Selection
C. Monitoring
D. Evaluating performance
Analyze or explain any three of the above.
Answers
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, and monitoring. By following these steps, organizations can make informed decisions about where to invest their resources and ensure that their investments are delivering the expected returns.
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, monitoring, and evaluating performance. Here are explanations of three of these steps:
Analysis: This step involves gathering and analyzing information about potential projects and investments to determine whether they are financially viable and aligned with the organization's goals and objectives. This includes conducting market research, analyzing financial statements and projections, assessing risks, and identifying potential barriers to success. The analysis phase helps decision-makers to make informed choices about which projects and investments to pursue.
Selection: Once potential projects and investments have been analyzed, the next step is to select the most promising ones. This involves using the information gathered during the analysis phase to compare options and choose the projects and investments that are most likely to provide the greatest returns on investment. The selection process may involve developing criteria for evaluating potential options, ranking them based on their financial potential, and weighing the costs and benefits of each option.
Monitoring: Once projects and investments have been selected and funded, it is important to monitor their progress and performance over time. This involves regularly reviewing financial and operational data to identify any potential issues or risks, and taking action to address them. Monitoring can help decision-makers to stay informed about the status of their investments, identify opportunities for improvement, and make adjustments to their funding strategies as needed.
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plants are in threatened state and getting rare. Discuss in the class and prepare a list of causes of rareness of animals and plants. 5.3.1 Rare Animals
Answers
A group of creatures that are extremely rare, scarce, or infrequently encountered is referred to as a rare species.
Even though extinctions happen naturally, the pace of plant and animal extinctions today is substantially higher than it was previously. The main factor contributing to greater extinction rates is habitat loss.
The introduction of harmful nonnative species, pollution, disease transmission, and habitat changes are some additional causes. Overexploitation of wildlife for commercial gain is another. Species that are in risk of going extinct include those plants and animals that have become so scarce.
Animals and plants that are threatened with extinction across all or a sizable portion of their range are those that are very likely to do so in the near future. The most species are in danger from overuse of natural resources, such as overfishing, overhunting, and deforestation of forests. The extension of land for agriculture, cattle, wood, and aquaculture is another significant industry in the world.
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As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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Along any downward sloping straight-line demand curve: Group of answer choices both the price elasticity and slope are constant. both the price elasticity and slope vary. the price elasticity varies, but the slope is constant. the slope varies, but the price elasticity is constant.
Answers
Answer:
the price elasticity varies, but the slope is constant
Explanation:
The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
At the midpoint of the demand curve, demand is usually unit elastic. Above the midpoint of the demand curve, demand is elastic and blow the midpoint, demand is inelastic
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
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.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
Answers
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
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