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2 years ago

Which of the following prices is most elastic?

1 answer:

5 0

An elastic products prices are responsive to changes in demand. Generally, the necessity of the product is related to it's elasticity. For example, insulin is essential for diabetics, so the price is extremely inelastic—people will pay any amount because it is a life or death situation. The price of a new MP3 player can be inelastic, especially because results show that people want the newest thing, and will pay more if it works better than the previous model. Additionally, the price of "scalper" tickers to the World Series will increase by demand, but they will still sell regardless. The price of dairy products, however, is rather elastic; this is because when the price rises, people switch to a cheaper brand. The difference between an inelastic and elastic product is that elastic products have substitutes, whereas inelastic products have no substitutes (or sometimes very few).

Answer: A. the price of dairy products

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In early 2008, you purchased and remodeled a 120-room hotel to handle the increased number of conventions coming to town. By mid

Yuri [45]

Answer:

To solve this problem, first let us calculate for the total cost:

Total cost = Capital cost + Cost of capital

Total cost = $ 20 M + 0.10* $ 20 M

Total cost = $ 22 M

The breakeven point would be the price in which the total earnings is equal to the total cost. Therefore:

$ 15M + 20,000 * X = $ 22 M

Where X is the breakeven price in dollars per room per night

Calculating for X:

20,000 * X = $ 7 M

X = $ 350

Therefore the break even price is $ 350 per room per night.

Explanation:

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1 year ago

Kobe is part of a group of managers at Earthbound Engineering examining whether the company should offer some significant new se

melomori [17]

Answer:

C. strategic planning

Explanation:

Strategic planning involves the way or process an organization adopts in determining its strategy, direction and making decisions on how to allocate resources better and implement strategy. It is also the technique which guides and controls the implementation of strategy.

Tools used for strategic planning includes.

1. Growth share matrix.

2.PEST analysis.

3.SWOT analysis.

4.Scenerio planing. etc.

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1 year ago

Read 2 more answers

Pelicans Ice is a snow cone stand near the local park. To plan for the? future, Pelicans Ice wants to determine its cost behavio

ra1l [238]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Month Number of snow cones Total operating costs

January 6,400 $5,980

February 7,000 $6,400

March 5,000 $5,000

April 6,900 $6,330

May 9,000 $7,000

June 7,250 $6,575

To calculate the fixed costs using the high-low method, first, we need to calculate the unitary variable cost:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (7,000 - 5,000) / (9,000 - 5,000)= $0.5 per unit

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 7,000 - (0.5*9,000)= 2,500

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 5,000 - (0.5*5,000)= 2,500

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1 year ago

Accenture's Security practice makes use of a number of accelerators when building solutions for our clients. What is the purpose

Vilka [71]

Answer:

To deploy and integrate security features in a shorter period of time

Explanation:

Given that accelerator in cybersecurity is a means of enhancing the implementation and information of security measures in a very faster way.

Therefore, the purpose of Accenture's Security practice of using several accelerators when building solutions for their clients is "to deploy and integrate security features in a shorter period of time."

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1 year ago

Quality is primarily related to satisfaction viewpoint of:___________.

nikitadnepr [17]

Answer: Consumer

Explanation:

Quality has to do with the standard by which a product is being compared with other similar products.

Quality is primarily related to satisfaction viewpoint of consumers. If consumers are not satisfied with a particular product, it will have a negative impact on the sale of the product hence the product quality must be taken into consideration in order to enable consumers to buy such product.

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2 years ago