A market is a segment of potential consumers who share a common need or want.
a. true
b. false

Demand is said to be Elastic when the quantity demanded is very responsive to changes in price.

Demand responsiveness to changes in other market variables is measured by demand elasticity. The price elasticity of demand, for instance, indicates how much demand will change in response to a change in a product's price.

Both elastic and inelastic demand exists. Demand that is elastic is more responsive to changes in the variables being measured against. Products that are inelastic are less sensitive to the changes being measured.

The slope of the demand curve and price elasticity of demand is directly correlated. The law of demand, which states that consumers will demand a greater quantity of goods at lower prices and a lesser quantity of goods at higher prices, was most likely covered in your very first economics course. The downward sloping of demand curves is explained by the law of demand.

Thus the Law of demand directs the elasticity of demand.

For more information on Elasticity of Demand, refer to the given link:

https://brainly.com/question/23301086

#SPJ4

It will assist with duty and accountability. Investment making plans and manipulate your money. 1. offers a better photograph on the economic fame for the upcoming duration · 2. allows decide How a whole lot price range need every day be allocated.

A budget helps create monetary balance. By monitoring prices and following a plan, a budget makes it less difficult everyday pay bills on time, build an emergency fund, and shop for most important charges along with a car or domestic. Average, a finances places someone on stronger economic footing for each the  and the long term. It allows you to oversee and higher understand whether your business has enough sales (incoming cash) everyday pay its fees. It permits you to supervise and higher understand whether your enterprise has sufficient sales (incoming money) daily pay its prices. using a finances daily make extra informed financial selections. In brief, budgeting is important because it facilitates you manage your spending, track your prices, and store more money. additionally, budgeting daily make better monetary decisions, daily for emergencies, get out of debt, and stay focused in your long-term financial goals.

Learn more about Benifits of budgets here:-

https://brainly.com/question/6663636

#SPJ4

Understanding how income is distributed within and across populations informs firms of different groups purchasing power.

This is further explained below.

Generally, The buying power of a certain currency is defined as the number of goods and services that can be acquired by spending a specific amount of that money.

For illustration purposes, in the 1950s, if one went to a store with one unit of cash, they would have been able to buy whatever was on the shelf.

Income: money that is earned, often on a regular basis, as a direct or indirect consequence of one's job or investing activities.

In conclusion, Firms need to have an understanding of the distribution of income both within populations and between populations in order to determine the buying power of various groups.

Read more about purchasing power.

https://brainly.com/question/14892961

#SPJ1

This is the correct order :- 1) Acquire raw materials 2) Baking 3) Sales 4) Service.

Retail is the practice of purchasers purchasing products and selling them directly to consumers, as opposed to suppliers or wholesalers. The retailers act as a liaison between wholesalers and clients. They buy products from the wholesaler and sell them in tiny quantities to the final clients. Retailers have the opportunity to produce and create more sustainable products since they offer a wide range of products and are in constant contact with a significant network of suppliers.

A retailer is the final link in the supply chain and the one that connects and distributes the goods and services directly to the customers; however, they do not create any of the products they sell.

To know more about retailer visit:

https://brainly.com/question/28482869

#SPJ4

The correct answer is 5.

Managers and analysts may better understand the competitive environment a company operates in and how it is positioned within it by using Porter's Five Forces Model.

Porter identifies five factors as the main sources of competitive pressure within an industry. They are as follows:

a) rivalry in a healthy way.

b) supplier strength.

c) consumer power

d) threat of replacement

e) a potential new entry.

These factors affect a company's profitability by affecting the quantity and strength of its rivals in the market, possible new market entrants, suppliers, consumers, and replacement goods. Business strategy may be guided by a Five Forces analysis to boost competitive advantage.

To know more about Business strategy, visit: https://brainly.com/question/3325483

#SPJ4

Actuarial  department of Life insurance determines the probability of loss and sets the premium rates.

What is the actuarial department in insurance?

An insurance actuary deducts financial risk. They use mathematical, statistical, and financial modeling to analyse  the chances that something may occur. Their analysis helps insurance companies frame  insurance policies and programmes.

Why do insurance companies use actuaries?

“The use of the Actuary role is to ensure that the board has access to expert and impartial actuarial advice and revise , to assist with the sound and adequate  management of an insurer and that the insurer gives accurate consideration to the protection of policyholder interests.

Learn more about insurance company:

brainly.com/question/26285319

#SPJ4

Custodial accounts can be opened as a cash account only.

Custodial accounts are savings account which are set up and administered by an adult for a minor. So the custodial accounts tend to have enormous flexibility with no income, withdrawal penalties or contribution limits.

A custodial account is a financial account which parents manage in their child's name. A custodial account is then irrevocably passed to the child when they become the adults. Custodial accounts have to be opened as a cash account only.

Thus, the custodian of the account controls that how money in the account is spent and invested.

Hence, option A is correct.

To learn more about custodial account here:

https://brainly.com/question/24086627

#SPJ4

Managing production and delivery of an organization's goods or services more efficiently is the main goal of operations management.

The required details for Managing production in given paragraph

How does managing production work?

Production management, usually referred to as operations management, involves the planning and oversight of industrial processes to guarantee that they proceed smoothly and at the necessary level. Both the service sector and the manufacturing sector use production management techniques.

What significance does production have?

One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be no final goods produced and nothing to sell to clients.

To know about Managing production in the given link

https://brainly.com/question/1382997

#SPJ4

The correct answer is net interest cost.

Competitive bidding is a formal method for determining what the applicants need and formally requesting it so that possible service providers may assess it and make bids for it.

Bidding wars or a sale reached through negotiations. In a competitive underwriting, a new bond issuance is sold at public auction to the underwriter or syndicate of underwriters who make the best offer based on predefined criteria, often the lowest net interest cost (NIC).

The Request for Quotation (RFQ), Request for Proposal (RFP), and Request for Qualifications (RQFL) are the three formal competitive bidding procedures that have been shown to be the most successful.

To know more about Competitive bidding , visit: https://brainly.com/question/28340641

#SPJ4

Jerome can use break-even analysis to calculate the amount of income or the number of items needed for the business to become profitable.

Break-even analysis can be used by Jerome since it will assist him to increase added value while preventing costs from drastically shifting.

The point at which total revenue and total cost are equal is known as the break-even point. The amount of income or the number of units required to pay all of your company's costs is determined by a break-even study. You won't be making or losing money at break-even, but all of your business's expenses will have been paid.

When your business, service, or product will begin to earn a profit, you may predict it using a financial tool called a break-even analysis. It is a mathematical formula used to calculate how many goods or services a business must sell to cover costs, particularly fixed costs.

Learn more about break-even analysis here:

https://brainly.com/question/14828890

#SPJ4    

Routine purchases may only require internal information search, whereas one-time high expense purchases require more external information search time.

The  routine purchases are one that people make to seek for  little decision-making, however this purchases are made with “programmed behavior.

Hence , Routine purchases may only require internal information search, whereas one-time high expense purchases require more external information search time.

Find out more on Routine purchases at https://brainly.com/question/26242633

#SPJ1

A customer wants to make the initial transaction in a new margin account by purchasing call options at $2,000 worth. The client must make a $3,000 deposit.

So, option d) $3000 is the correct answer. this amounts will be deposited in the new margin account.

A typical contract to buy using a call option or sell (using a put option) a certain number of a particular financial instrument on, or before, a specified date for a specified price is known as an exchange-traded option (the strike price).

option contracts cannot be margined; instead, they must be fully paid for. Exchange-traded derivatives fall under the category of "listed options," also known as "exchange-traded options." Standardized contracts and clearing house settlement are features of exchange-traded options, and the Options Clearing Corporation guarantees fulfillment (OCC). A standardized derivative contract that is traded on an exchange, settles through a clearinghouse, and is guaranteed is known as an exchange-traded option.

To learn more about listed options contract here

https://brainly.com/question/27453954

#SPJ4

Periodic cash flows that decrease by a fixed amount every subsequent period are known as arithmetic gradient cash flows.

A cash flow that fluctuates (increases or lowers) by the same amount during each cash flow period is known as an arithmetic gradient cash flow. This is an arithmetic gradient cash flow series with the gradient, G, equal to $100, for instance, if the cash flow in period 1 is $800 and in period 2 it is $900, with amounts rising by $100 in each succeeding month.

P = G (P/G, i,n) is the standard factor notation equation for the present value of an arithmetic gradient cash flow. This equation determines the present value of only the gradient (i.e., the $100 increases in the example above), not the initial sum of money (i.e., the $800 in the case above), upon which the gradient was constructed.

To learn more about cash flow from given link

https://brainly.com/question/24179665

#SPJ4

From the​ consumer's perspective, an example of a postpurchase​ question is: b. how is the product eventually disposed​ of?

Consumer behavior can be defined as the study of the processes that are involved when individuals or groups of people engage in the selection, purchase, use, or disposal of products (goods), ideas, services, or experiences to satisfy their unending needs, requirements and desires.

From the​ consumer's perspective, we can reasonably infer and logically deduce that an example of a postpurchase​ question is "how is the product eventually disposed​ of?" because at this point the product has reached the end of its life cycle.

Read more on consumer behavior here: https://brainly.com/question/24438632

#SPJ1

Mary Parker Follett is the theorist, who would most strongly agree with this kind of approach.

Check more about power below.

The term Sharing power is known to be a term that connote the act or way that people tend to influence, learn from, and work with  people in a relationships or business settings.

Note that based on the case above, Mary Parker Follett is the theorist, who would most strongly agree with this kind of approach because of what it stands for.

Learn more about khosrowshahi  from

https://brainly.com/question/24494688

#SPJ1

After diocletian, a true money economy would not return to continental europe until 1Oth century.

   The Crisis of the Third Century came to an end under Diocletian's rule, stabilizing the empire.

    Diocletian created the largest and most bureaucratic government in the empire's history by separating and expanding the civil and military services as well as the provincial divisions. As opposed to the customary capital at Rome, he erected new administrative centers in Nicomedia, Mediolanum, Sirmium, and Trevorum. He fashioned himself as an autocrat, elevating himself above the common people of the empire with imposing forms of court ceremonial and architecture, building on movements toward absolutism from the third century. The state's expenses soared due to the expansion of the bureaucracy and military, ongoing elections, and construction projects, necessitating a thorough tax overhaul. Imperial taxation was standardized, made more fair, and generally imposed at higher rates starting at least in 297.

To learn more about Rome click here:

https://brainly.com/question/17508671

#SPJ4

A wooden board, also known as a transfer board, is used to move patients who are unable to bear weight on their leg if they can carry weight but are unable to stand owing to balance issues.

What purpose does a transfer board serve?

Common names for a flat, rigid board composed of wood or plastic are transfer board and sliding board. Its function is to fill the space between two surfaces.

What is the best method for transferring a patient who is unable to walk?

Because their knees are blocked when standing, a sit-to-stand is also one of the safest methods for transferring a patient. If they do lose their equilibrium, they normally get back to where they were sitting in bed. Any patient who merely wants a little extra lift should choose it.

To know more about transfer board

https://brainly.com/question/22126111

#SPJ4

The extensive use of BRIBERY indicates that opponents of globalization claim that globalization has resulted in widespread government corruption.

Bribery is the unlawful offering, malicious giving, covert receipt, or improperly motivated soliciting of anything of value with the intention of influencing the actions of someone who has legal or public authority.

The argument made by those who oppose globalization is that freer trade and investment allow multinational corporations to relocate factories from high-wage developed countries to low-wage underdeveloped countries, where governments are more likely to be corrupt and eager to sell off their resources to foreign nations.

Learn what increased in wealthy advanced economies as a result of globalization according to globalization opponents: https://brainly.com/question/17330249

#SPJ4

Undistributed stock dividends is not included in current liabilities although returnable deposits. unearned revenues and current maturities of long-term debt are best example of current liabilities .

What are Current Liabilities ?

A company's short-term financial commitments that are due in a year or within a current operating cycle are known as current liabilities. An organization's operating cycle, also known as the cash conversion, it is the period of time that required to buy inventory and turn that inventory into cash through sales. The amounts owed to suppliers in the form of accounts payable are indeed an illustration of a current liability.

To learn more about Current liabilities check the link below :

https://brainly.com/question/13962846

#SPJ4

To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.

Equal protection compels a state to govern impartially rather than making distinctions between people based purely on characteristics that are unrelated to a justifiable governmental goal. Therefore, the equal protection provision is essential for upholding civil rights. The goal of equal protection was to compel states to govern impartially and refrain from making disparities between people based on features that are immaterial to achieving governmental goals. In order to guarantee civil rights, the equal protection provision was essential.

Hence,  To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

To learn more about principle equal protection refer to:

https://brainly.com/question/1600110

#SPJ4

The statement is false.

The indirect strategy involves delivering terrible news first, followed by a supportive comment, and then the bad news itself. A remark meant to soften the blow of unpleasant news is known as a buffer statement. It can provide some encouraging news or a carefully worded warning. The message should include reasonable justifications for the bad news after a buffer statement. The bad news should then be relayed as diplomatically as possible. Try to finish by having a constructive conversation.

The second strategy is to use a direct method to convey unfavorable sentiments. When the communication's recipient is receptive to the news, this strategy performs well. It can also be applied if the person anticipates a poor outcome.

To learn more about Buffer here

https://brainly.com/question/15740615

#SPJ4

When a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a liability titled notes payable is increased.

Therefore, when a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a liability titled notes payable is increased.

Know more about liability here:

https://brainly.com/question/24130118

#SPJ4

The complete question is given below
When a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a _____ titled ______ _______ is increased.

The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.

Business forecasting is the process of predicting future market circumstances by analyzing historical data using business intelligence tools and forecasting techniques. Forecasting in business can be qualitative or quantitative. The process of predicting changes in a firm, such as sales, expenses, profits, and losses, is known as business forecasting.

Business forecasting aims to create better plans based on these knowledgeable projections, assisting in the prevention of probable failure or losses. The gathering, processing, compilation, dissemination, and analysis of economic data are the topics of applied statistics and applied economics. It has a close connection to econometrics and business statistics.

Hence, The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.

To learn more about Business forecasting refer to:

https://brainly.com/question/21445581

#SPJ4

Predetermined overhead rate multiplied by the actual amount of the allocation base used by the particular work is the formula used to determine how much manufacturing overhead should be allocated to jobs.

You must total up all indirect costs associated to the manufacturing of a product in order to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance to machines, indirect materials and labor, and more. Manufacturing support costs or factory overheads are other names for manufacturing overhead. Manufacturing overhead costs do not include overhead charges like general administrative costs and marketing expenses.

To learn more about manufacturing overhead rate here

https://brainly.com/question/13018280

#SPJ4

When evaluating eyewitness testimony, the investigator must discriminate between fact and opinions.

What is testimony?

In the law, testimony is a sort of evidence that is gathered from a witness who makes a serious statement or declaration of fact. Written or spoken testimony is typically given under oath or affirmation under penalty of perjury. Written testimony is typically seen by one or more people who swear or acknowledge its authenticity, also under penalty of perjury, in order to be acceptable in court and for maximum trustworthiness and validity.

Evaluation of the any testimony follows the evidence given. The examiner attempts to piece together the events (facts) of the crime into a logical pattern following the witness examination. They then decide whether or not this pattern of events is supported by the evidence and the witness testimony.

To know more about testimony, go to URL

https://brainly.com/question/661267

#SPJ4

Contribution margin equals sales minus variable cost

What is contribution margin?

Contribution margin means the extent by which the sales price exceeds the variable cost, in other words, it sales price per unit minus the variable cost per unit or total sales revenue minus the total variable costs on total volume basis.

Contribution margin means the level of contribution that each sold contributes towards the recovery of the company's total fixed costs, in short, the correct option in this case, is that contribution margin is the sales minus the variable cost.

Find out more about contribution margin on:brainly.com/question/13910616

#SPJ1

The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.

What is change in the price?

The difference between an asset's original and final values is known as the price change. It might be detrimental or beneficial. Investor choices are influenced by price movements. Investor confidence will be high for a financial instrument that exhibits a steady price increase over time.

Therefore,

The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.

To learn more about change in the price from the given link:

https://brainly.com/question/688645

The statement " it is generally the case that indifference curves have the same shape across all consumers." is False

This is further explained below.

Generally, In a contrast to other attributes such as color, texture, or kind of material, a shape or figure is a graphical depiction of an object's exterior border, outline, or external surface.

Shapes and figures may also be used interchangeably. In contrast to solid 3D objects, plane figures and plane shapes are required to flatten out on a plane in order to exist.

In conclusion, False: "it is typically the case that indifference curves have the same form across all customers." This statement is not true.

Read more about the shape

https://brainly.com/question/14661102

#SPJ1

Technical skills help managers with the skills required to accomplish a specific kind of work.

A manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization (company), especially by being morally upright, skillful, well behaved and promoting the business's vison, culture, and values at all times.

Technical skills can be defined as a series of specialized knowledge, professionalism, and expertise that are required to perform or accomplish a specific kind of task and work, including the use specific tools and software applications in real world situations.

In this context, we can reasonably infer and logically deduce that technical skills help managers with the skills required to accomplish a specific kind of work.

Read more on technical skills here: https://brainly.com/question/24304660

#SPJ1

Answer to the question is microeconomics.

Microeconomics is a branch of mainstream economics that studies the behavior of persons and corporations in making selections related to the allocation of scarce sources and the interactions amongst these people and firms.

Microeconomics has applications in trade, industrial organisation and market structure, labor economics, public finance, and welfare economics. Macroeconomics is the find out about of the selections of countries and governments. The term analyzes whole industries and economics instead than folks or specific companies.

Learn more about microeconomics here;