BUSINESS HIGH SCHOOL

The value of an electronic reader is related to the availability of books, journals, magazines, etc. in a format that can be used in the electronic reader. For an electronic reader, these are _____ goods.

Answers

Answer 1
Answer:

Answer:

Complementary

Explanation:

A complementary product is a product whose use relates to the use of a similar or paired product.

Two products (A and B) complement each other if more of good A allows more good B to be used. In this instance, the electronic reader (Product A), requires the use of e-books and journals(Product B) to function.

The demand for one printers, for instance, produces demand for the other (ink cartridges). When the value of a product drops and people buy more of it, they typically buy more of the additional good as well, whether or not their price also falls.


Related Questions

COLLEGE

When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cookies. Their total revenue ________ because the price elasticity of demand for sugar cookies is ________. a. rose; inelastic
b. rose; elastic
c. stayed the same; unitary elastic
d. fell; inelastic
e. fell; elastic

Answers

Answer:

Option (b) is correct.

Explanation:

At selling price = $1 and No. of units sold = 75 cookies,

Total revenue = selling price × No. of units sold

                       = $1 × 75 cookies

                       = $75

At selling price = $0.50 and No. of units sold = 200 cookies,

Total revenue = selling price × No. of units sold

                       = $0.50 × 200 cookies

                       = $100

Therefore, there is a rise in the total revenue from $75 to $100 and hence, price elasticity of demand for sugar cookies is elastic.

MIDDLE SCHOOL

Define the word profit in business

Answers

Profit is a financial benefit that is realised when the amount of revenue gained from a business activity that exceeds the expenses, costs and taxes, which needed to sustain the activity.

Extra: Any profit that is gained, always goes to the business' owners. It is up to them whether the profit is then spent on themselves or the business.

Answer: money left after costs are paid

Explanation:

COLLEGE

What is a depreciation of the Thai baht relative to the Malaysian ringgit? What happens to the baht price of the ringgit in this situation?

Answers

The Thai baht might cost more to acquire one ringgit, as well as the baht's worth against the ringgit has fallen.

Whenever the worth of a nation's currency falls in relation to the currency of another country, the drop in the currency's value is referred to as depreciation.

According to the stated statement, the Thai baht has fallen against the Malaysian ringgit, as well as the ringgit's value would rise again, allowing us to buy mostly with the ringgit.

Learn more:

brainly.com/question/14372075?referrer=searchResults

Thai baht will take up more value to buy one ringgit and the baht price with respect to the ringgit has been depreciated

Explanation:

When there is a fall in the country's currency value and with respect to the currency of one country to the other country then the decrease in the value of the currency and it is called as depreciation

In the given statement the Thai baht has been depreciated with respect to the Malaysian ringgit and there will be a new appreciation in the value of the ringgit and we can buy more with the ringgit

COLLEGE

After scanning the environment, PepsiCo discovered consumers’ desire for healthier food options. The company then thought about how this environmental factor related to the possible actions the company would take. Managers at PepsiCo likely depicted these relationships by (A) completing an environmental scan
(B) listing the threats and opportunities.
(C) creating a cognitive map.

Answers

Answer:

(A) Completing an environmental scan

Explanation:

Pepsi has done through environmental scan where they have analysed all the trends and attitudes of different consumers, in addition, they have also investigated their competitors, they what they are going to do in the near future as well as what their current products are and what direction they are going on which in return will decides their intentions. Therefore, Pepsi has conducted an environmental scan where they have found consumer's increasing behavior towards organic and healthy products besides opting for the Green Marketing, that's the reason why they have conducted this environmental scan in order to fulfill their consumer's stated and unstated needs and demands more efficiently and effectively.

Random Questions