If consumers hear reports that make them worry about a product safety, they are less likely to purchase the product. Consumers want to know that the product they are purchasing is safe for them to consume. If there are elements that question their safety, they may not purchase the item due to not knowing what the side effects may be. If the price rises, I would assume even less people would purchase the product if it’s set at a higher price and with product safety in question.
Answer:
The incremental net income between the two machine options is $5600 as shown below.
Explanation:
The profit derivable from machine one is computed thus:
Revenue $70,000
variable costs ($42000)
fixed costs ($14,000)
net profit $14000
Net profit from machine can be computed thus:
Revenue $84,000
variable costs ($42000)
fixed costs ($22,400)
net profit $19,600
Machine B brings in higher net profit,however the incremental net income from the two machine options is the difference between their net incomes,which is can be calculated thus:
Machine A net income ($14000)
Machine B net income $19600
Incremental net income $5600
Answer:
5,600 favorable for machine 2
Explanation:
We solve for the diffence in each concept and then get the differnce in the Operating Income which is favorable to Machine 2 by the maginitude of 5,600 dollars
Answer:
The correct option is C.
Explanation: Price elasticity is the measure of the rate of change in the level of quantity demanded due to a change in the level of price.
Price elasticity is usually negative, this means that it follows the law of demand; as price increases quantity demanded decreases.
Also, another incidence that can affect price elasticity is an availability of cheaper alternatives. If cheaper alternatives of a particular product are introduced into the market, the demand for that product will reduce, because consumers will abandon it for its cheaper alternatives, thereby driving the elasticity of that product higher.
Therefore, in the scenario given above, the elasticity is higher than -1.2 because there are new brands that have just been introduced into the market.
Answer:
campaign
store
fundraising
all great examples of buisness objective