Answer:
A) straight rebuy
Explanation:
Based on the information provided within the question it can be said that this type of purchase is classified as a straight rebuy. Like mentioned in the question this is a type of purchasing or reordering of supplies , and is done from an approved list held by the company in order to try and maintain the product's quality (since they already know the approved company sells good quality) as well as save time on having to research other suppliers.
Answer:
By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to <u>+3</u>, and football game tickets are <u>normal</u> goods.
Explanation:
The formula for calculating income elasticity of demand using the midpoint method is:
income elasticity of demand = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {2 / [(2 + 4) / 2]} / {10,000 / [(40,000 + 50,000) / 2]} = (2 / 3) / (10,000 / 45,000) = 0.67 / 0.222 = 3
when the income elasticity of demand is higher than 1, the goods are normal goods.
Answer:
This scenario best illustrates an acquisition.
Explanation:
Acquisition refers to the situation where a company gains control of the other company by purchasing all or most of its shares. Acquisitions are common in small and medium-sized firms and may happen with or without the consent of the target company.
In the given example, Orange roof hotels are the target company that is being purchased by the Palace Hotel group which will now control the assets of the Orange roof hotels and take business decisions.
The benefits or arriving on time to work and work related meetings would be getting a chance to prove your responsibility. You could also prove the your there to work hard. You could get a raise for always being in time. You could eventually get a better job. Or made a manager
