Reference no: EM132888848
When choosing the product good or service, can you choose something from todays era. Something that someone will continue to buy no matter what.
Select a product, good, or service for which you believe there is, if not perfect, close to perfect price inelasticity of demand. Refer back to course materials for clarification of what price inelasticity means.
Research the product, good, or service so that you have a general understanding of the market, customers, suppliers, and competition. Consult at least one reliable, credible source and be sure to include a citation so we can see where you got your information.
Discuss the following questions(s) with regard to the product, good, or service. Remember, you are NOT to turn in a numbered list of responses. This is a written paper, so your responses should form a cohesive set of paragraphs, with appropriate transitions, and so on.
Describe in 50 words or less the product, good, or service that you chose.
Why did you choose this product, good, or service?
Why do you believe the demand is inelastic with regard to price? What factors are at work here? (Hint: Think back to the external factors you read about in module 1.)
What, if anything, could change and make the product, good, or service price elastic?
|
What were fundamental stages of the crisis
: What were the fundamental stages of the crisis? What happened during the crisis? What effective communication plans were implemented in this crisis?
|
|
Manager for an it organization which sells erp software
: You are the Training manager for an IT organization which sells ERP software. Your organisation has decided to cater to a new industry vertical which is 'Bankin
|
|
What is the income from continuing operations
: What net amount of loss should be reported as results of discontinued operations for 2020? What is the income from continuing operations for 2020?
|
|
Prepare a schedule to compute the gain or loss
: Cone Company issued its 10%, $2 million face value bonds for $2.3 million, Prepare a schedule to compute the gain or loss
|
|
Demand is inelastic with regard to price
: Why did you choose this product, good, or service? Why do you believe the demand is inelastic with regard to price? What factors are at work here?
|
|
Conduct a hr-related swot
: Conduct a HR-related SWOT. Identify and illustrate 2 S, 2 W, 2 O & 2 T. 1 mark/S, up to a total of 2 marks for 2 S. 1 mark/W, up to a total of 2 marks for 2
|
|
What amount should be reported as segment profit
: What amount should be reported as segment profit of the reportable segments? A public owned entity assesses performance and makes operating decisions
|
|
Calculate the reacquisition price of the bonds on January
: Calculate the reacquisition price of the bonds on January 2, 2019, and prepare the journal entry to record the reacquisition of Davis's bonds
|
|
Functioning industry during a pandemic
: Since the Food and Beverage Sector has been one of the functioning industry during a pandemic. Do you think it is safe to be part of this industry during this t
|