increase by 0.68%. This product is fairly inelastic to a competitor’s price and there is no need to be concerned about the competitor since their pricing won’t affect sales. Income-elasticity is 1.62. This indicates that a 1% rise in the average area income will boost the quantity demanded by 1.62%. In this aspect‚ the product is elastic and the company can make the decision to raise the price if the average income rises. Advertisement elasticity is 0.11which means that a 1% increase in advertising
Premium Supply and demand
Objectives: According to Gosep‚ workers’ participation may be viewed as: o An instrument for increasing the efficiency of enterprises and establishing harmonious relations; o A device for developing social education for promoting solidarity among workers and for tapping human talents; o A means for achieving industrial peace and harmony which leads to higher productivity and increased production; o A humanitarian act‚ elevating the status of a worker in the society; o An ideological way of
Premium Trade union Decision making Management
customer relationship. Answer Selected Answer: CRM 2. Which type of system would you use to change a production schedule if a key supplier was late in delivering goods? Answer Selected Answer: TPS 3. ESSs are designed to serve the middle management of the organization. Answer Selected Answer: False 4. Supply chain management systems are more externally oriented than enterprise systems. Answer Selected Answer: True 5. ESSs are designed
Premium Management Enterprise resource planning Supply chain management
teachers and dear fellows The given proposition of the day is “my aim in life” Sir ‚ aim is very important in life‚it brings all our energies to one point. Robert Browning says : “The aim‚ if reached or not makes great the life” It provides direction for our attempts.Our aim is like a guiding star. What makes life gloomy is the want of motive.When a man does not know what harbor he is making for‚no wint is the right wint .Aim that suits the nature of a man is the best for him. Mr.President Sir
Free Teacher Profession
People have been arguing whether our own culture and experience are barriers that keep us from not seeing the objective truth. To clearly discuss this argument‚ a few definitions and views need to be considered. First of all‚ the objective truth comes from an understanding. To understand something‚ we need to have knowledge on it. Knowledge is defined as true justified belief. Therefore‚ to obtain knowledge for a better understanding‚ we need to rely on our own experiences and cultures. As people
Premium Culture Sociology Truth
CLASSROOM ACTIVITIES ART If you are the art area parent‚ it is very important for you to be on time. An important part of our school day is greeting each child at the door. If the art area parent is late‚ often the teacher must be in that area and cannot be at the door to greet the children. Also‚ many children run in and immediately want to do art. Children enjoy the process-- the doing-- experimenting with the art activity. The end product is not the important part of the activity.
Premium Childhood Washing Cleanliness
one time or another more than often. We try our best to focus on protection and security‚ but we cannot focus our entire life to it. In the past and even now‚ there is a struggle to maintain security in what is thought to be the most protected areas. Churches‚ schools‚ daycare’s and other places that are known for safety have fallen victim to those who do not understand. When we think of church‚ we believe we would be safe in our place of worship. Most of the churches I have been to are
Premium Security Security guard National security
Describe and evaluate two pieces of Psychological Research In 1963 professor Stanley Milgram carried out a ‘Study of Obedience to Authority’ in which he aimed to answer the question‚ “Could it be that Eichmann and his million accomplices in the Holocaust were just following orders" (Milgram‚ 1974). To do this. Milgram elaborated on two theories‚ one of which was Solomon Asch’s 1956 ‘conformity experiments’. In 1963 Milgram put out an advertisement asking for men‚ aged between 20 and 50‚to volunteer
Premium Asch conformity experiments Milgram experiment Stanford prison experiment
every minor detail of our life science plays a very valuable role. I wish to contribute my share in making this world better than I find it. At the very beginning‚ I may make it clear that if I were a scientist‚ I would like to carry on my work in the province of pure science. Pure science is a relentless search for truth‚ for the discoveries of the mysteries of nature. As such no fault finding is possible with the area of scientific research which has broadened the frontiers of man’s knowledge
Free Science Human
Objectives of the Project General Objective The main objective of this study is to develop a LAN-Based Sales and Inventory System for FAD24 Convenience Store that will provide a solution for inaccurate outputs caused by manual sales and inventory scheme to make the task easier‚ faster‚ relevant and more efficient. Specific Objectives • To design a prototype that will help them ascertain their goods on hand at any given time‚ and will compute and automatically update databases for each
Premium Cash Consultative selling Inventory