a person or an organization that helps another organization sell its goods and services to customers is called a(n) . multiple choice question. vendor internal stakeholder supplier distributor
Answers
A distributor may be a person or a corporation that helps another company sell its product and services to customers. Distributors square measure thought-about, external stakeholders. A typical corporation's first stakeholders square measure its investors, employees, customers, and suppliers.
A neutral is either a personal, cluster or organization wedged by the end result of a project or a business venture. Stakeholders have an associate degree interest in the project's success and might be among or outside the organization sponsoring the project.
Internal customers square measure people among the organization's agency customers for needs that meet internal demands. The international customary providing steerage on social responsibility, referred to as ISO 26000, defines a neutral as an "individual or cluster that has associate degree interest in any call or activity of a corporation."
To learn more about business ventures, visit here
https://brainly.com/question/28918025
#SPJ4
Related Questions
Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processing departments-Base Fab and Finishing. White paint, which is used as a base for all the company's paints, is mixed from raw ingredients in the Base Fab Department. Pigments are then added to the basic white paint, the pigmented paint is squirted under pressure into one-gallon containers, and the containers are labeled and packed for shipping in the Finishing Department. Information relating to the company's operations for April follows:
a. Issued raw materials for use in production: Base Fab Department, $851,000; and Finishing Department,$629,000.
b. Incurred direct labor costs: Base Fab Department, $330,000; and Finishing Department,$ 270,000.
c. Applied manufacturing overhead cost: Base Fab Department, $665,000; and Finishing Department, $405,000.
d. Transferred basic white paint from the Base Fab Department to the Finishing Department, $1,850,000.
e. Transferred paint that had been prepared for shipping from the Finishing Department to Finished Goods, $3,200,000.
Prepare a cost reconciliation report for April.
Answers
The cost of ending work in process inventories and of units transferred out of the Base Fab Department in April is $851,00 and $999,000and $1850,000
The calculation of this question and working of solutions is in tabular form which is attached to this answer.
What is Cost?
The cost is of two types - Variable and Fixed . Variable costs exchange based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. constant costs continue to be the same no matter production output. fixed charges may additionally include hire and rental bills, coverage, and interest payments.
Learn more about cost brainly.com/question/13165105
#SPJ4
what are the outputs of the production process with regards to goods and services
Answers
Answer: they will go faster
Explanation: it does a thing.
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
Ahmad has some saving where do you suggest him to keep and why
Answers
Answer:
It depends on how much money Ahmad has saved.
Explanation:
If he has a small amount of money, the best he can do is to put his savings on a safe investment, like treasury bonds, an ETF, or a safe and low risk bond of a trustworthy company.
If Ahmad has a larger amount of money, he can put his savings in riskier assets like stock, which could give him a higher return. He could also create a more diverse investment portfolio, with some of his savings going to safer, lower yield investment instruments, and the rest going to riskier, higher yield investment instruments.
Please help...I need legit answers. I will mark brainliest. Thank youuuuu!!!
Answers
Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.
Account Title Debits Credits
Cash35,500
Accounts receivable43,000
Supplies3,000 Inventory63,000
Notes receivable23,000
Interest receivable0
Prepaid rent2,500
Prepaid insurance9,000
Office equipment92,000
Accumulated depreciation 34,500
Accounts payable 34,000
Salaries payable 0
Notes payable 53,000
Interest payable 0
Deferred sales revenue 3,500
Common stock 81,000
Retained earnings 36,000
Dividends7,000
Sales revenue 161,000
Interest revenue 0
Cost of goods sold85,000
Salaries expense20,400
Rent expense12,500
Depreciation expense0
Interest expense0
Supplies expense2,600
Insurance expense0
Advertising expense4,500
Totals 358,600 358,600 Information necessary to prepare the year-end adjusting entries appears below.1. Depreciation on the office equipment for the year is $10,300.2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $900.3. On October 1, 2021, Pastina borrowed $50,600 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.4. On March 1, 2021, the company lent a supplier $20,600 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.5. On April 1, 2021, the company paid an insurance company $6,600 for a one-year fire insurance policy. The entire $6,600 was debited to prepaid insurance.6. $560 of supplies remained on hand at December 31, 2021.7. A customer paid Pastina $2,300 in December for 900 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.8. On December 1, 2021, $1,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $600 per month. The entire amount was debited to prepaid rent.Prepare closing entries.
Answers
The necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
Journal entriesPastina Company Adjusting entries
Debit Depreciation expenses $10,300
Credit Accumulated depreciation $10,300
Debit Wages expense $900
Credit Wages payable $900
Debit Interest expense $1,518
($50,600 × 12% × 3/12)
Credit Interest payable $1,518
Debit Interest receivable $1,373
($20,600 × 8% × 10/12)
Credit Interest revenue
Debit Prepaid insurance $4,125
($6,600 × 15/24)
Credit Insurance expense $4,125
Debit Supplies expense $340
($900 − $560)
Credit Supplies $340
Debit Sales revenue $2,300
Credit Unearned revenue $2,300
Debit Rent expense $600
Credit Prepaid rent $600
Therefore the necessary December 31, 2021, adjusting journal entries are: Debit Depreciation expenses $10,300, Credit Accumulated depreciation $10,300.
Learn more about journal entries here:https://brainly.com/question/14279491
#SPJ1
Choose the term that best matches the description given.
The act that has its own definition and remedial steps for mistakenly created e-commerce contracts:
Pls help me. I will give best answer
Answers
Answer:
I have no idea is that history
ANSWER ASAP-- In one year, Corey earned $25,000 from his employer and a $300 capital gain from the sale of an investment. Corey doesn’t qualify for any deductions, but he can claim the lifetime learning credit.
Corey’s adjusted gross income is BLANK
and his total tax due will be (decreased or increased)
by the credit.
Answers
Answer:
Corey’s adjusted gross income is $25,300 and his total tax due will be decreased by the credit.
Explanation:
Add what Cory earned and his capital gain to make $25,300
Cory claimed the lifetime learning credit which decreases his total tax due
Why is it important to know that a market economy is characterized by interdependence?
Answers
Answer:
Interdependence is important because people specialize and trade their production in markets for other products they need. The circular flow of income shows the interdependence of the economy.
Explanation:
Trust me this is right.
SRI International developed Values and Lifestyles (VALS). Such a consumer profile would be helpful for which type of segmentation?
A) demographic
B) occupational
C) psychographic
D) behavioral
E) gender
Answers
Answer: C. psychographic segmentation
Explanation:
From the question, we are informed that SRI International developed Values and Lifestyles (VALS). It should be noted that this will l be helpful for psychographic segmentation.
Psychographic segmentation helps to look into the behavior of consumers as it helps us analyze the needs and motives of the users thereby bringing about better communication.
Fiat money Select one: a. has no intrinsic value. b. is any close substitute for currency such as checkable deposits. c. is a medium of exchange but not a unit of account. d. is backed by gold.
Answers
Answer:
is a medium of exchange but not a unit of account
:a change in which one of the following factors would shift the aggregate supply curve? multiple choice government regulation profit expectations on investment projects personal income taxes consumer spending
Answers
A change in government regulation can shift the aggregate supply curve. Government regulations can directly impact the costs of production and business operations, which in turn affect the aggregate supply of goods and services in the economy. The correct answer is "Government regulation".
For instance, if the government introduces stricter environmental regulations, businesses may face higher compliance costs, leading to an increase in production costs. This would result in a leftward shift of the aggregate supply curve, indicating a decrease in overall supply.
Profit expectations on investment projects can also shift the aggregate supply curve. When businesses anticipate higher profits from their investment projects, they are likely to increase their production capacity. This would lead to an expansion of aggregate supply and a rightward shift of the curve.
On the other hand, personal income taxes and consumer spending typically affect aggregate demand rather than aggregate supply. Personal income taxes influence disposable income and can impact consumer spending patterns.
An increase in taxes reduces consumers' purchasing power, leading to lower demand for goods and services. However, it does not directly affect the production costs or capacity of businesses, thus not shifting the aggregate supply curve.
Similarly, consumer spending affects aggregate demand by influencing the total demand for goods and services in the economy, but it does not directly shift the aggregate supply curve.
Therefore, the correct answer is "Government regulation". A change in government regulation can shift the aggregate supply curve.
For more such questions on economy
https://brainly.com/question/30197415
#SPJ11
An investment that you bought for ____
and sold for ____
made a profit.
A $1850, S1600
B. $1850, $1350
C. $1600, $1850
D $1600, $1350
Answers
Q1. How would you advise any of these companies with regard to their strategy, positioning, and tactical execution? Select any one (Netflix, Hulu, cable, or Redbox) of the services, and draw a detailed scenario in which strengths might be retained, weaknesses strengthened or eliminated, and future directions pursued to make the business model more solid, more profitable, and less prone to competitive matching or attack (approximately 400 words)
Q2. If these companies start looking even more similar and commodity-like in the next 3-5 years, how would you advise your selected one to break out of the pack and distinguish itself by offering ... what? (approximately 200 words)
Answers
Extensive Content Library: Netflix should continue investing in a diverse range of high-quality content across various genres, including movies, TV shows, and documentaries. This would attract a larger audience and retain existing subscribers.
Scenario: To retain strengths and enhance the business model, Netflix could focus on the following strategies: Strengthening Weaknesses: Improve Regional Content: Netflix should invest more in local and regional content to cater to a wider audience. By including content specific to different regions, Netflix can expand its subscriber base and reduce the vulnerability of being seen as a foreign service. - Enhance User Interface: Netflix should continuously improve its user interface to provide a seamless and personalized experience. This can include features like improved search functionality, better recommendations, and user-friendly interfaces across devices. Future Directions: - Original Content: Netflix should continue to invest heavily in original programming.
By producing unique and exclusive content, they can differentiate themselves from competitors and create a loyal subscriber base. Collaborating with popular creators, actors, and directors can help establish Netflix as a hub for quality content.
- Global Expansion: Netflix should focus on expanding its presence in untapped international markets. By targeting countries with a growing digital audience, Netflix can increase its subscriber base and mitigate the risk of being dependent on specific regions.
Read more about documentaries here;https://brainly.com/question/26276466
#SPJ11
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Answers
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
for similar questions on CPP.
https://brainly.com/question/30142401
#SPJ8
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Consumer sales promotion includes all of the following EXCEPT _____.a. contests/sweepstakesb. rebatesc. premiumsd. quantity discountse. free samples
Answers
Consumer sales promotion includes all of the following EXCEPT Push money (Push money is a form of trade sales promotion.)
What is Consumer sales?Consumer sale is the sale of a thing on the basis of a contract of sale where a consumer is sold a movable by a seller who enters into the contract in the course of his or her economic or professional activities. The seller of a right shall allow the purchaser to acquire the right which is the object of the contract of sale.
In the event of Consumer sale the Warranty period shall be suspended for the time period during which the Buyer who is a Consumer cannot use the Products due to their non-compliance with the Contract for which the Seller is liable.
Consumer sale regime Consumer sale under Dutch law is defined as the sale with respect to a movable property which is executed between a seller acting on behalf of his trade, business, craft or profession and a buyer, a natural person, acting for purposes outside his trade, business or professional activity.135 The notion of consumer sale is extended to an authorized representative acting on behalf of his profession or business as a seller.
Learn more about Consumer sale
https://brainly.com/question/15900481
#SPJ1
Why is communism disappearing?
Answers
Answer:
communism is disappering Because of the overpowering status of Capitalism.
Explanation:
The next two questions use the following information. Suppose that consumers have preferences over consumption and leisure given by u(c, l) = ln(c) + ln(l). Moreover, suppose that h = 16. 1. (Learning Objectives 1,3,4) Suppose that π − T = −2. Answer the following questions about the household’s problem in this case: (a) If w = 4, what is the optimal choice of consumption and leisure (c ∗ 1 , l∗ 1 )? (b) Now suppose that w ↑ to w = 10. What is the new choice of consumption and leisure, (c ∗ 2 , l∗ 2 ). (c) Does the income or substitution effect dominate? Briefly explain. (d) Draw the original budget line and optimal choice from Part (a), (c ∗ 1 , l∗ 1 ). Then draw the new budget line when w = 10 and optimal choice from Part (b), (c ∗ 2 , l∗ 2 ). At which point is utility higher? Explain. 2. (Learning Objectives 1,3,4) Now suppose that taxes increase, so that π − T = −4. Answer the following questions: (a) What effect does this change have on the households’ budget line? Draw this change (you can use any wage, w, that you want). (b) At w = 4, how does the optimal choice of (c, l) change? Explain the intuition for this change. (c) How does the increase in T affect the labor supply curve? Draw this change. (You do not have to use specific numbers in this drawing, just illustrate the proper slope of NS , i.e. positive or negative, and how it changes when T ↑).
Answers
(a) The optimal choice of consumption and leisure when w = 4 is (2, 4).
(b) When w = 10, the new optimal choice is (1.6, 3.2).
(c) The substitution effect dominates.
(d) The optimal choice (c*1, l*1) has higher utility compared to (c*2, l*2).
(a) To find the optimal choice of consumption and leisure, we need to maximize the utility function u(c, l) = ln(c) + ln(l) subject to the budget constraint. Given that w = 4, we can rewrite the budget constraint as c + h - wl = 0.
Using the first-order conditions, we can solve for the optimal choice (c*1, l*1). Taking the partial derivative of u(c, l) with respect to c, we get 1/c - w/ (h - wl) = 0. Simplifying, we find c*1 = h/(2w)
= 16/(2*4)
= 2.
Similarly, taking the partial derivative with respect to l, we get 1/l - (h-wc)/ (h - wl) = 0.
Simplifying, we find l*1 = (h-cw)/w
= (16-4*2)/4
= 16/4
= 4.
Therefore, the optimal choice of consumption and leisure is (c*1, l*1) = (2, 4).
(b) Now, let's consider the case when w increases to 10. Using similar calculations, we find the new optimal choice of consumption and leisure, (c*2, l*2) = (1.6, 3.2).
(c) To determine whether the income or substitution effect dominates, we compare the changes in consumption and leisure. In this case, consumption decreases from 2 to 1.6, indicating that the substitution effect dominates. The substitution effect occurs when the relative price of leisure increases, leading to a decrease in consumption.
(d) To compare utility, we can plot the budget lines and optimal choices. When w = 4, the budget line is steeper compared to when w = 10. The optimal choice (c*1, l*1) lies on the budget line with a higher slope, indicating higher utility.
In summary, (a) The optimal choice of consumption and leisure when w = 4 is (2, 4). (b) When w = 10, the new optimal choice is (1.6, 3.2). (c) The substitution effect dominates. (d) The optimal choice (c*1, l*1) has higher utility compared to (c*2, l*2).
Learn more about consumption from the given link
https://brainly.com/question/13282888
#SPJ11
Genuine spice inc. began operations on january 1 of the current year. the company produces 8-ounce bottles of hand and body lotion called eternal beauty. the lotion is sold wholesale in 12-bottle cases for $100 per case. there is a selling commission of $20 per case. the january direct materials, direct labor, and factory overhead costs are as follows:
Answers
in the communication process, how does encoding occur? multiple choice question. the channel creates the structure. the sender transforms the idea. the receiver applies the message. the receiver generates the content.
Answers
In the communication process, encoding occurs when the sender transforms the data. The correct answer would be option B.
Encoding is the process of converting ideas into language. The message is transmitted by the encoder using a "medium" such as a phone call, email,, in-person meeting or other communication methods. Different signals require different levels of conscious thought when they are encoded. The encoder should also care for any "noise"—such as other messages, distractions or influences—that could obstruct their message.
The audience then "decodes" or personally understands the message. The process of decoding involves converting verbal communication into cognition. You might decide to send your roommate the following message after realizing you're hungry: "I'm hungry. Do you want to order pizza this evening? Your roommate hears the message and decodes it, translating it back into ideas.
To know more about the communication process see:
https://brainly.com/question/28319466
#SPJ4
debbie is applying for a gas card. If she gets approved, what type of credit will it most likey be?
Answers
Answer:
debt
Explanation:
You would like to purchase a car with a negotiated price of $29,000, and the dealer offers financing over a 4 -year period at 12%. If repayments are to be made monthly, at the end of each month, what would be the monthly payments? Calculate using (a) financial calculator or (b) Excel function PV. (Round answer to 2 decimal places, e.g. 52.75. Round interest rate per month to 4 decimal places, e.g. 1.2597\%.)
Answers
The monthly payments for a car priced at $29,000, financed over a 4-year period at 12%, would be approximately $652.44.
To calculate the monthly payments, we can use the present value (PV) function in Excel or a financial calculator. The PV function helps us determine the present value of a future stream of cash flows.
In this case, we need to find the present value of the car's price, which is $29,000, considering the interest rate of 12% and the 4-year repayment period. The monthly payments are made at the end of each month, so the interest rate needs to be adjusted accordingly.
Using the PV function in Excel, we can calculate the present value as follows:
PV(rate, nper, pmt)
rate = 12%/12 (monthly interest rate)
nper = 4 years * 12 months/year (total number of months)
pmt = unknown
Using the given values, the formula becomes:
PV(12%/12, 4*12, -pmt) = $29,000
To find the monthly payment amount (pmt), we can rearrange the formula:
pmt = -PV(12%/12, 4*12, $29,000)
By plugging in the values, we can solve for pmt, which turns out to be approximately $652.44.
Learn more about Monthly Payments
brainly.com/question/26192602
#SPJ11
How many manufacturing companies are in the north Georgia area
Answers
Answer:in addition to being a right-to-work state, with low unionization rates (2.5%), our quality workforce is one reason why companies in automotive, machinery, and plastics industries are experiencing high job growth. Whether you are looking for engineering talent to further innovation in products or processes, or a skilled labor force to work on the plant floor, Georgia has the existing and future workforce to fulfill your hiring needs. Georgia is home to many companies with a history of innovation that has impacted their.
Write a one to two paragraph explanation that teaches how to complete each form. Be sure to write the instructions in "plain English" versus official federal government "speak."
Describe the documents you could provide to a new employer in order to establish your identity and/or employment eligibility. Provide a list of a minimum of four documents.
Submit your paragraph explanations for completing each form and the description of the documents for establishing your identity and/or employment eligibility as the assignment for this lesson.
Answers
Answer: So so sorry but i don't know!
Explanation:Have a great day
To buy a product, customers in a market must first
Answers
To buy a product, customers must first have the need for the product.
Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.
Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.
Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.
To know more about Customers here
https://brainly.com/question/14530604
#SPJ1
Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
50.For maximum usage and efficiency, the dining room floor diagrams including stations, table numbers and customer position points must be:
a. printed up clearly, posted in an area for quick reference, and handed out to all dining room staff with extra copies available for all front of house employees
b. kept only as a final reference for any disputes
c. posted in the restaurant office area to be used for quick access
d. used to position bussers only
Answers
For maximum usage and efficiency, the dining room floor diagrams including stations, table numbers and customer position points must be printed up clearly, posted in an area for quick reference, and handed out to all dining room staff with extra copies available for all front of house employees.The correct answer is option (a).
The dining room floor diagrams are drawn-up designs of the floor layout for tables and stations. This is vital for the smooth running of the restaurant. It provides a clear representation of the customer positioning points and the table numbers. The floor plan design can help with customer traffic, and it can increase customer satisfaction and help maximize the restaurant's efficiency.
The dining room floor diagrams are used as a reference for staff and bussers. These diagrams can also be used to ensure the safety and comfort of the customers by providing a clear path in the dining room for servers to maneuver around the tables. It is essential to print the dining room floor diagrams clearly and post them in an area for quick reference by all staff. It is recommended that extra copies be available for all front of house employees.
Therefore, option A is the right answer.
To know more about floor diagrams, visit https://brainly.com/question/25951945
#SPJ11
What is associated with an inelastic demand?
Select an answer:
a. The demand is constant regardless of the price.
b. The price is constant regardless of the demand.
c. The product in question is a luxury good
3. What is associated with an inelastic demand?
Select an answer:
a. The demand is constant regardless of the price.
b. The price is constant regardless of the demand.
c. The product in question is a luxury good.
4. Which good has the most elastic demand?
Select an answer:
a. brand name ketchup (e = –2.2)
b. salt (e = –0.45)
c. sports car (e= -0.30)
d. gasoline (e=-0.34)
sports car (e = –3.0)
gasoline (e = –0.34)
The product in question is a luxury good.
Answers
In economics, inelastic demand is a scenario in which the demand for a product or service does not change in proportion to the shift in price. In other words, if the price of a commodity rises, the change in demand is not significant or, to put it another way, the demand is inelastic.
In contrast, if the price of a commodity falls, there is a substantial increase in demand, and the demand is elastic.The product in question is usually a necessity, such as fuel or electricity, or a luxury good that has a certain status symbol value and which has no close alternatives in the market. Examples of luxury goods with inelastic demand include high-end cars, fine jewelry, and other luxury goods that are sought-after by the rich.
The demand for a product is said to be elastic if the quantity demanded varies proportionately with the price. If a good's price increases by 1%, and its demand falls by more than 1%, it is considered to have elastic demand.On the other hand, if the price of a product increases by 1%, and the demand for it falls by less than 1%, it is said to have inelastic demand. When the price increases, the quantity demanded decreases at a slower rate than the price increases.
To know more about substantial visit:
https://brainly.com/question/28341879
#SPJ11
Ray lends $3,500. 00 $ 3,500. 00 to aron at a simple interest of 15% 15 % per year. Aron returned him $3,000. 00 $ 3,000. 00 and a watch after 2 2 years to clear the account. What is the price of the watch?.
Answers
The price of the watch, given the simple interest on the loan from Ray to Aron, is $ 1, 550
How to find the price of the watch?The price of the watch would be the amount that when added to the $3, 000 that was paid back, would complete the repayment of the debt of $3, 500 from Ray.
First, find the total amount to be paid back:
= Loan amount + ( Loan amount x simple interest x number of years )
= 3, 500 + ( 3, 500 x 15 % x 2 )
= $ 4, 550
The value of the watch is:
= Total to pay back - Amount brought in cash
= 4, 550 - 3, 000
= $ 1, 550
Find out more on simple interest at https://brainly.com/question/25793394
#SPJ1