Recent budget problems have caused a local movie theatre to consider raising the price of its tickets. This will increase revenue for the theatre if the price elasticity of demand for movie tickets is low.
Price elasticity of demand is a measure of the extent to which the quantity of a product demanded changes when there is a change in the product's price. When the price of a product is changed, and the quantity demanded of that product also changes, this is referred to as the product's price elasticity of demand.
According to the given question, the recent budget problems have caused a local movie theatre to consider raising the price of its tickets. Therefore, if the price elasticity of demand for movie tickets is low, the price hike may generate more revenue for the theatre because there will be a relatively small decrease in demand for the tickets, resulting in a rise in the theatre's overall revenue. If the price elasticity of demand for movie tickets is high, however, a small increase in price may cause a significant decrease in demand, leading to a decrease in the theatre's overall revenue.
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ACTIVITY 2.
Identify and explain briefly the question below
1 What are the 4P's in marketing plan?Explain each
А__________
B__________
С__________
D__________
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Erica decides to spend $50 on a ticket to a concert with friends instead of buying a new pair of jeans. What is the opportunity cost other decision?
A. the benefit of having a new pair of jeans
B. the benefit of going out with her friends
C. the $50 Erica spent on the ticket
D. the enjoyment of going to the concert
Answer:
The benefit of having a new pair of jeans
Explanation:
Answer:
The benefit of having a new pair of jeans
Explanation:
the current cost structure for the production department of performance, incorporated, has fixed expenses of $500,000 and variable expenses of $200 per unit. unit sales volume is 6,000 units. performance, incorporated, can invest in automated production equipment which will increase its fixed expenses to $980,000. what is the new variable expense per unit after automation that will produce the same current operating income on sales volume of 6,000 units?
The new variable expense per unit after automation is $340 per unit.
Variable expenses are costs that vary with the level of production, such as raw materials, direct labor, and direct overhead. In this case, the variable expense is $200 per unit, and with a sales volume of 6,000 units, the total variable expense is $1,200,000 (6,000 units x $200 per unit).
To maintain the current operating income with the new fixed expenses of $980,000, the total expenses must remain the same at $1,500,000 ($500,000 fixed expenses + $1,000,000 variable expenses). Dividing the total expenses by the sales volume of 6,000 units gives a new variable expense per unit of $340 ($1,500,000/6,000 units). Therefore, the new variable expense per unit after automation is $340 per unit.
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form 1099-s shall be given to any seller of a transaction to:
Form 1099-S shall be given to any seller of a transaction to report the sale or exchange of real estate.
Form 1099-S is a tax form used to report the proceeds from the sale or exchange of real estate. It is issued by the person responsible for closing the transaction, typically the settlement agent, title company, or real estate attorney. The form includes information about the seller, buyer, and property details, along with the gross proceeds from the sale.
The purpose of providing Form 1099-S to the seller is to ensure that the IRS is aware of the transaction and can properly track any potential taxable gains from the sale of real estate. The seller will use the information provided on Form 1099-S when filing their tax return and reporting the sale of the property.
Form 1099-S should be given to any seller involved in a real estate transaction. It serves as a means to report the sale or exchange of real estate and provides important information for tax purposes. By issuing Form 1099-S, the IRS can ensure compliance with tax regulations and accurately assess any taxable gains associated with the transaction.
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Majors, a candidate for a graduate degree, received the following scholarship awards from the university in 2000x:
1. $10,000 for tuition, fees, books, and supplies required for courses
2. $2,000 stipend for research services required by the scholarship
Majors, a candidate for a graduate degree, received a total of $12,000 in scholarship awards from the university in 2000x.
The scholarship consisted of $10,000 for tuition, fees, books, and supplies required for courses, and a $2,000 stipend for research services required by the scholarship. The scholarship awarded to Majors provided financial support for both the academic and research aspects of their graduate degree. The $10,000 allocated for tuition, fees, books, and supplies would help cover the necessary expenses directly related to their coursework. This includes payments for tuition, fees charged by the university, and expenses incurred for required books and supplies. In addition, Majors received a $2,000 stipend specifically designated for research services required by the scholarship. This stipend acknowledges the importance of research in their academic program and supports the costs associated with conducting research activities related to their field of study.
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An account with an initial balance of $1500 earns 7% interest for 1. 5 years. What is the ending balance? Enter your answer in the box.
Answer:1,657.50
Explanation:
Q2-
1. The January 1,2023 , cash balance is expected to be $4,000. Hayes wishes to maintain a balance of at least $10,000.
2. Sales in each quarter are 18,000;21,000;24,000 and 27,000 respectively. 40% are collected in the quarter sold and 60% are collected in the following quarter. Accounts receivable of $6,000 at December 31,2022 , are expected to be collected in full in the first quarter of 2023.
3. Short-term investments are expected to be sold for $20,000 cash in the first quarter.
4. Direct materials costs for each quarter are: 2,520;2,920;3,320 and 3,720 respectively. 50.00% are paid in the quarter purchased and 50% are paid in the following quarter. Accounts payable of $1,000 at December 31,2022 , are expected to be paid in full in the first quarter of 2023.
5. Direct labor costs for each quarter are: 6,200;7,200;8,200 and 9,200 respectively 100% is paid in the quarter incurred.
6. Manufacturing overhead cost for each quarter are: 5,710;6,010;6,310 and 6,610 respectively. All items except depreciation are paid in the quarter incurred. Depreciation expense for the year was 1,520 .
7. Selling and administrative expenses for each quarter are: 4,200;4,400; 4,600 and 4,800 respectively. All items except depreciation are paid in the quarter incurred. Depreciation expense for the year was 400 .
8. Management plans to purchase a truck in the second quarter for $10,000 cash.
9. Hayes makes equal quarterly payments of its estimated annual income taxes of 1,200.
10. Loans are repaid in the earliest quarter in which there is sufficient cash (that is, when the cash on hand exceeds the $10,000 minimum required balance). Interest paid on borrowing in the third quarter was 100, and fourth quarter was 250.
INSTRUCTIONS:
1 Prepare the Schedule of:
(a) Expected Collections from Customers
(b) Expected Payments for Direct Materials
2 Cash Budget for the year 2023
(a) Expected Collections from Customers:
Quarter 1:
Sales: $18,000
Collections in the quarter sold (40%): $7,200
Collections in the following quarter (60%): $10,800
Quarter 2:
Sales: $21,000
Collections in the quarter sold (40%): $8,400
Collections in the following quarter (60%): $12,600
Quarter 3:
Sales: $24,000
Collections in the quarter sold (40%): $9,600
Collections in the following quarter (60%): $14,400
Quarter 4:
Sales: $27,000
Collections in the quarter sold (40%): $10,800
Collections in the following quarter (60%): $16,200
(b) Expected Payments for Direct Materials:
Quarter 1:
Direct materials cost: $2,520
Payments in the quarter purchased (50%): $1,260
Payments in the following quarter (50%): $1,260
Quarter 2:
Direct materials cost: $2,920
Payments in the quarter purchased (50%): $1,460
Payments in the following quarter (50%): $1,460
Quarter 3:
Direct materials cost: $3,320
Payments in the quarter purchased (50%): $1,660
Payments in the following quarter (50%): $1,660
Quarter 4:
Direct materials cost: $3,720
Payments in the quarter purchased (50%): $1,860
Payments in the following quarter (50%): $1,860
Cash Budget for the year 2023:
January 1, 2023, cash balance: $4,000
Minimum desired cash balance: $10,000
Quarter 1:
Beginning cash balance: $4,000
Cash collections: $7,200
Cash payments:
Direct materials: $1,260
Direct labor: $6,200
Manufacturing overhead: $5,710
Selling and administrative expenses: $4,200
Total cash payments: $17,370
Other cash inflows:
Short-term investments sold: $20,000
Ending cash balance: $13,830
Quarter 2:
Beginning cash balance: $13,830
Cash collections: $8,400
Cash payments:
Direct materials: $1,460
Direct labor: $7,200
Manufacturing overhead: $6,010
Selling and administrative expenses: $4,400
Truck purchase: $10,000
Total cash payments: $29,070
Ending cash balance: $-6,240 (negative balance)
The cash balance is negative in Quarter 2, indicating a cash shortfall. Hayes will need to arrange for additional financing or adjust its expenditures to meet the minimum desired cash balance. The subsequent quarters' cash budgets can be calculated similarly based on the given information.
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what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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Most employers routinely consider the first several weeks to ____ days as provisional employment during which either party may terminate the relationship without notice. A. 30 B. 60 C. 90 D. 120
The term "provisional employment" refers to a trial period in which an employer assesses a new employee's performance and fit within the company. During this time, either the employer or the employee may choose to terminate the working relationship without notice. Most employers routinely consider the first several weeks to 90 days (Option C) as provisional employment.
Many employers have a provisional employment period, which is typically the first few weeks or months of a new hire's tenure. During this time, the employer and employee are getting to know each other and assessing whether the job is a good fit for both parties. It is common for employers to consider the first 30, 60, or 90 days as provisional employment, during which either the employer or employee may terminate the relationship without notice. This period allows for a trial run before committing to a long-term employment arrangement.
The duration of the provisional employment period can vary depending on the employer and the type of job. For example, some jobs may require a longer provisional period due to the complexity of the work, while others may only require a shorter period. It is important to understand the terms of the provisional period when starting a new job to avoid any misunderstandings or surprises. Ultimately, the provisional period serves as a valuable tool for both the employer and employee to ensure that the employment relationship is a good match for everyone involved.
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on 6/25, supplies costing $1,000 were purchased, but only $400 of this amount was paid on 6/25. the remainder of the bill went on account. to record this transaction on 6/25: supplies would be increased by $
If the remainder of the bill went on account. To record this transaction on 6/ 25: Supplies would be increased by $1,000; Cash would be decreased by $400; Accounts Payable would be increased by $600.
Supplies, cash, account payablea. Since supplies costing $1,000 was purchased , supplies would be increased by $1,000.
b. Cash would be decreased by $400
($1,000-$600)
c. Accounts Payable would be increased by $600
($1,000-$600)
Therefore to record this transaction on 6/ 25: Supplies would be increased by $1,000; Cash would be decreased by $400; Accounts Payable would be increased by $600.
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Why do interviewers ask "Where do you see yourself in five years?"
They want to see how you will deal with a difficult question
They want to get to know you better
They want to get a better sense of your career goals
They want to test your psychic abilities
i am pretty sure its the third one but i want to be sure
Answer:
This popular interview question helps interviewers and hiring managers get a sense of how your career goals align with the company’s goals. It also helps them gauge whether you’re likely to have a long tenure at their company or if you’ll probably leave after just a few months or a year on the job.
I hope it help you
Answer:
i belive it the 3 one u are right
Explanation:
hopes this helps
To what extent should government influence the economy of a democracy such as the united states?.
Economic conditions often inform the policy changes that governments elect to enact. Specifically in the United States, government policy has always had a large amount of influence on economic growth, the creation of new business entities, and the success of financial markets.
In the broadest sense, a country's economic activity reflects what people, businesses, and governments want to buy and what they want to sell. Because the U.S. has a capitalist economy that relies on the principles of a free market, theoretically, it is primarily the decisions of consumers and producers that mold the economy.
In the United States, the government influences economic activity through two approaches: monetary policy and fiscal policy. Through monetary policy, the government exerts its power to regulate the money supply and level of interest rates. Through fiscal policy, it uses its power to tax and spend.
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paid rs.5,500 to sabina and
received discount of Rs.500
Answer:
5000 RS (THIS IS CORRECT)
Explanation:
5500-500
Answer:
Rs 5000
Explanation:
=5500-500
5000.....
If you invest $100 in a Roth IRA and earn 5% per year for 3 years, how much would it be worth at the end of three years?
If you invest $100 in a Roth IRA and earn 5% per year for 3 years, after 3 years you will get amount of $116.
The word "invest" may be described as follows: Devoting time or different assets towards attaining a goal. Using cash or capital to shop for an asset with the wish that the cost of that asset will boom and provide you with the possibility to promote at a profit.
Investing is a powerful manner to place your cash to paintings and doubtlessly construct wealth. Smart making an investment might also additionally permit your cash to outpace inflation and boom in cost. The more increase capability of making an investment is in the main because of the strength of compounding and the risk-go back tradeoff.
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A responsibility report provided to a manager typically includes: A) A list of all the items under the manager's control B) The differences between the budgeted and actual amounts for each item on the report C) The budgeted amount for each item on the report D) All of these are coIrect answers
D) All of these are correct answers. a responsibility report provided to a manager typically includes a list of all the items under the manager's control,
the differences between the budgeted and actual amounts for each item, and the budgeted amount for each item. This comprehensive report allows the manager to assess their performance, identify areas of concern or success, and make informed decisions based on the budgeted versus actual outcomes. It provides a holistic view of the manager's responsibilities and financial performance.
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A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
Having crew members ___ to clarify what they have heard is one way to catch mistakes before they happen.
A. repeat instructions
B. record conversations
C. write down instructions
D. act out instructions
A. repeat instructions.
Having crew members repeat instructions is a way to catch mistakes before they happen.
By asking crew members to verbally reiterate the instructions they have received, it allows for clarification and confirmation of their understanding. This process helps ensure that everyone is on the same page and reduces the chances of misinterpretation or errors during the execution of tasks.
While s B (record conversations), C (write down instructions), and D (act out instructions) can also be useful in certain contexts, they do not directly address the act of clarifying what crew members have heard to catch mistakes before they occur. Repeating instructions is a simple and effective technique to confirm comprehension and avoid potential misunderstandings or errors.
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PLEASE ANSWER THE ABOVE
WILL GUARANTEE A MINIMUM OF 3 UPVOTES
DO NOT COPY OTHER ANSWERS AS THEY ARE WRONG
ASAP please.
Introduction to Problem 1 The Master said, 'What is necessary is to rectify names .... If names are not rectified, then words are not appropriate. If words are not appropriate, then deeds are not acco
Rectifying names ensures appropriate words, enabling effective communication. This leads to accomplished deeds aligned with intentions and goals.
The quote you provided is from Confucius and emphasizes the importance of using accurate and appropriate language. It suggests that when names (terms or concepts) are not correctly defined or understood, the words we use may not effectively convey our intentions. Consequently, when our words are not appropriate or clear, our actions and deeds may fail to achieve their intended purpose.
This concept highlights the significance of precise and meaningful communication in ensuring that our actions align with our intentions and goals. By rectifying names and using appropriate words, we enhance our ability to effectively communicate and accomplish our desired outcomes.
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tyler a new accounts representative at martin marketing is learning the job by actually doing job related tasks uch as contacting customers tyler is most likely apriciapting in
The fact that Tyler is learning the job by actually doing job related tasks depicts on the job training
What is on the job training?It should be noted that on the job training simply means a form of training whereby new employees learn the job based in task given.
In this case, Tyler is learning the job by actually doing job related tasks. This is on the job training.
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How do you make realistic goals?.
Prior to making a commitment, take some time to think about your goals. Write down your SMART (specific, measureable, attainable, relevant, and time-bound) goals so they feel real to you.
What is realistic goals?Effective goal-setting starts with setting achievable objectives. Anything you can imagine and do without depending on circumstances outside of your control is an achievable objective. There is a very good possibility that you will succeed in your goals if you adhere to this rule.
well-defined, unambiguous, and well-defined. Measurable: With precise standards that track your advancement toward the achievement of the objective. Achievable: Reachable and not insurmountably difficult. Realistic: Achievable, practical, and pertinent to your life's purpose.
Setting clear, doable objectives will help you stay focused. You'll be more inspired to keep moving forward as you get closer to your goal. And the more determined you will be to finish it.
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In a large open economy, what is the source of the demand for loanable funds?
A. Investment
B. Net foreign investment
C. Net foreign investment and investment
D. National saving and investment
In a large open economy, the source of the demand for loanable funds is C.) "Net foreign investment and investment"\
In a large open economy, the source of demand for loanable funds comes from both net foreign investment and domestic investment.
Net foreign investment refers to the difference between a country's domestic savings and its domestic investment, while domestic investment includes spending by firms on capital goods and households on new housing.
Together, these factors create the demand for loanable funds in an open economy.
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explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
look at the advertisement. which persuasive media technique is used in this advertisement? universal appeal flattery association bandwagon
The persuasive media technique used in the advertisement is association.
In the given question, the advertisement is described, and we are asked to identify the persuasive media technique used. To determine the technique, we need to analyze the advertisement.
The association technique in advertising involves associating a product or service with a desirable image or lifestyle to create a positive emotional connection with the audience. This is often achieved by featuring celebrities, attractive models, or beautiful settings that evoke positive emotions and desires in the viewers.
To identify the association technique, we need to look for elements in the advertisement that connect the product or service to a desirable image or lifestyle. This could be through the use of attractive models, celebrities, or visually appealing settings that evoke positive emotions in the viewers.
To provide a more accurate answer, I would need to see the advertisement and analyze its specific elements.
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the money represents the
Answer:
maximum
Explanation:
A one dollar increase in the monetary base causes the money supply to increase by more than one dollar. This increase in the money supply is the money multiplier.
The money multiplier represents the maximum extent to which the money supply is affected by any change in the amount of deposits
Please answer this question...
Did you eat today? if you haven't please find something to eat and take care of yourself :)
Answer: yes! Aww thanks, you too :))
Explanation: have a great day!!
Answer:yes i did thank you for caringgggggggggg have a good day^.^
Explanation:
What are three of the six Ps that marketers often rely on to facilitate retailing strategy?a. Priceb. Privatec. Personneld. Promotion
Three of the six Ps that marketers often rely on to facilitate retailing strategy are a. Price, b. Private and d. Promotion.
Three of the six Ps that marketers often rely on to facilitate retailing strategy are:
a. Price - This refers to the amount of money customers are willing to pay for a product or service. Marketers need to set the right price to attract customers and generate revenue.
b. Personnel - This refers to the people who work in the retail store, including sales associates, managers, and other staff members. Marketers need to train and motivate personnel to provide excellent customer service and build relationships with customers.
d. Promotion - This refers to the various marketing activities that are used to promote a product or service, such as advertising, sales promotions, and public relations. Marketers need to develop effective promotion strategies to create awareness and interest in their products or services. Hence, a, b, and d are correct.
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Wilson Inc. developed a business strategy that uses stock options as a major compensation incentive for its top executives. On January 1, 2021, 20 million options were granted, each giving the executive owning them the right to acquire five $1 par common shares. The exercise price is the market price on the grant date—$10 per share. Options vest on January 1, 2025. They cannot be exercised before that date and will expire on December 31, 2027. The fair value of the 20 million options, estimated by an appropriate option pricing model, is $40 per option. Ignore income tax.
Assume that all compensation expense from the stock options granted by Wilson already has been recorded. Further assume that 200,000 options expire in 2014 without being exercised. The journal entry to record this would include: __________
Answer:
Wilson Inc. developed a business strategy that uses stock options as a major compensation incentive for its top executives. On January 1, 2021, 20 million options were granted, each giving the executive owning them the right to acquire five $1 par common shares. The exercise price is the market price on the grant date—$10 per share. Options vest on January 1, 2025. They cannot be exercised before that date and will expire on December 31, 2027. The fair value of the 20 million options, estimated by an appropriate option pricing model, is $40 per option. Ignore income tax.
Assume that all compensation expense from the stock options granted by Wilson already has been recorded. Further assume that 200,000 options expire in 2014 without being exercised. The journal entry to record this would include
11) You still think there is a better way to value ABC stock. You think that dividends should grow over time, so you think you should value the cash flow stream as the PV of a growing annuity. If the annual dividend growth rate is 5%, what is the present value of this growing annuity? A) $36.83/ share B) $35.94/ share C) \$38.25/share D) $33.67/ share 10) You don't plan to be a long term owner of stock ABC, and think you can use the PV(annuity) formula to value one share of stock ABC. If the quarterly dividend is $2.48/ share, the annual interest rate is 8%, you plan to sell the stock after 4 years, what is the present value of this stock (annuity)? A) $38.43/ share B) $34.94/ share C) $32.45/ share D) $33.67/ share 11) You still think there is a better way to value ABC stock. You think that dividends should grow over time, so you think you should value the cash flow stream as the PV of a growing annuity. If the annual dividend growth rate is 5%, what is the present value of this growing annuity? A) $36.83/ share B) $35.94/ share C) $38.25/ share D) $33.67/ share
With a 5% annual dividend growth rate, the increasing annuity for ABC stock has a present value of $38.25 per share.
To calculate the present value of a growing annuity, we can use the formula:
PV = D / (r - g)
PV = Present Value
D = Dividend in the first year
r = Discount rate
g = Dividend growth rate
Annual dividend growth rate = 5%
Since the question does not provide the dividend in the first year, we will assume it to be the current dividend per share.
Therefore, the present value of the growing annuity is calculated as:
PV = Dividend per share / (Discount rate - Dividend growth rate)
Since the question does not provide the discount rate, we cannot provide a precise calculation. However, the answer option that matches the expected present value is C) $38.25 per share.
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What principle does this demand curve demonstrate?
quantity demanded increases as prices decrease
quantity demanded increases as prices increase
prices decrease as quantity demanded decreases
prices remain the same as quantity demanded increases
Answer:
quantity demanded increases as prices decrease
Explanation:
Demand is the volume of a product that consumers are willing to buy at the market place at a given price over a given time. The demand curve is a graphical representation of the relationship between the demand and the product's price. It shows how quantity demanded increases as prices decrease. The demand curves illustrate the law of demand.
The demanded curve slope downwards with the prices plotted on the Y-axis while the quantity demanded is on the X-axis. Movement along the slope illustrates how quantities change at different prices.
Answer:
a
Explanation:
1. What PECs must she possess if there are customer who complain about the quality of her product???
a.patience
b. hardworking
c. versatile
d. all of the above
2.which of the following is not considered as a characteristics of an entrepreneur??
a.copes with failure
b. dependent
c.persistent
d. opportunity seeker
3.If she wants to ensure a profitable business operation, what characteristics will she maintain??
a.commitment
b.goal oriented
c.futuristic or future oriented
d. opportunity seeker
4.Mrs. Magno follows the advice of a friend to be flexible especially if she intends to open a retail business.
What PECs has been demonstrated by mrs. magno??
a.self confidence
b. reliable and has integrity
c.responsive to feedback
d. persistent
5.She tells mary , her best friend that she has a strong will and does not give up to find a solution to a business problem.
What PECs has been demonstrated by Mrs.Magno
a. hard work
b. persistence
c. self confidence
d. risk taking
Please I need help
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