The two conditions that must exist for a sale and the related receivable to be recognized are:
The company has provided goods or services to the customerThe collection from the customer is probable.What are receivables?In finance, receivables refer to amounts of money owed to a company by its customers or clients for goods or services that have been sold or provided on credit.
Accounts receivable, or trade receivables, are the most common type of receivables. They arise when a company extends credit to its customers, allowing them to purchase goods or services without immediate payment. Other types of receivables include notes receivable, which are written promises to pay at a later date, and interest receivable, which is the interest that a company earns on its loans and investments.
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the completion of the panama canal affected trade by
The concept is the Panama Canal. It is an 82 km long artificial waterway in Panama that connects the Atlantic with the Pacific and separates North and South America.
More than a century agone , the opening of the Panama Canal revolutionized transnational trade, making trip between the Atlantic and Pacific much easier and briskly. Considered one of the prodigies of the ultramodern world, the Panama Canal opened its doors 100 times ago this Friday, connecting the Atlantic and Pacific abysses and furnishing a new route for transnational trade and military transport.
The main effect of the Panama Canal was to dock the duration of ocean passages between the Atlantic and the Pacific. Before the conduit opened in 1914, vessels had to circumnavigate the southern tip of South America to get from seacoast to seacoast.
The Panama Canal's topmost asset was its influence on shipping between the east and west beachfronts of the United States. The main advantage of the construction of the Panama Canal was the preface of new plumbing technologies.
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which list of steps reflects the best order for the planning process?
Set operational goals and plans is the list of the steps that reflect the best order for the planning process therefore the correct option is C.
The planning process ought to start with setting vital assumptions and plans. This includes laying out long-haul protests and imagining systems to contact them. After the essential assumptions and plans are set up, political assumptions and plans ought to be set. These are more unambiguous and focused on the ordinary tasks of the affiliation.
Tactical plans ought to be lined up with essential assumptions and articles. In the long run, utilitarian assumptions and plans ought to be set. This is the most grainy place for arranging, affixing on everyday undertakings and molding to accomplish political assumptions.
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This question is not complete, Here I am attaching the complete question:
Which list of steps reflects the best order for the planning process? -Set tactical plans
(A) set strategic goals and plans
(B) set tactical goals and plans
(C) set operational goals and plans
Buying goods or services instead of producing or providing them in-house is called:a. downsizingb. outsourcingc. vertical integrationd. internationalizatione. entrepreneurship
The term buying goods or services instead of the producing or the providing them in-house is called "outsourcing". The correct option is B.
The outsourcing is the term in the economics and business that refers to the business or organizational activity in which the company or business can hire individual to perform their services and produce their company's products that were traditionally formed in the house.
The outsourcing's benefit is to improve focus on the core business activities, increased efficiency, controlled costs, increased reach, greater competitive advantage and offshore outsourcing issues. So, the outsourcing is buying goods or services instead of the producing or to providing them in-house.
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Which of these is a psychological influence on the consumer behavior decision process? Multiple Choice : reference groups -culture -temporal effects -promotion -learning
There are four psychological factors that influence consumer behavior: Motivation, perception, learning, and attitude or belief system.
What aspects of customer behavior are influenced?Psychological (motivation, perception, learning, beliefs and attitudes) (motivation, perception, learning, beliefs and attitudes) Personal (age and life-cycle stage, occupation, economic circumstances, lifestyle, personality and self concept) (age and life-cycle stage, occupation, economic circumstances, lifestyle, personality and self concept) Social (reference groups, family, roles and status) (reference groups, family, roles and status) Cultural (culture, subculture, social class structure) (culture, subculture, social class system).
Consumer psychology is the study of how people behave when it comes to their purchasing habits, mannerisms, and preferences with regard to consumer goods, as well as how they respond to and choose to use advertisements, packaging, and marketing for those products.
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Inventory management policies based on ABC analysis might include investing _____.A. extra care in forecasting for C items.B. the most time verifying the accuracy of records for B items.C. more in inventory security for C items.D. more in supplier development for A items.
Policies for inventory control based on ABC analysis may invest more in supplier development for A items.
Briefing:-The development of suppliers for A products may receive additional funding as a result of policies based on the ABC analysis. Businesses can prioritize their inventory based on annual dollar volume by using ABC analysis. Class A items, such as supplier development, records verification, and forecasting, will receive the most focus. Class C things will get the least time and attention, while Class B products will get less of both.
What in inventory management is ABC analysis?Inventory is split into three groups, A, B, and C, and their values are ranked descending in the ABC analysis approach. The highest valued items are those in category A, followed by those in category B and then those in category C. It's crucial for a corporation to manage and control its inventory.
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The EpiPen is a life-saving device that is used by people with severe allergies. The U.S. manufacturer of the EpiPen raised its price by nearly 25% per year for nearly a decade. For each price increase of 25%, would quantity demanded change by more or less than 25%? The price of hand sanitizer is higher because of the coronavirus scare. What would this do to the demand curve for liquid soap (a substitute for hand sanitizer)? Increase the demand Decrease the demand Has no effect on demand
The volume demand would alternate by way of less than 25%, as the EpiPen is an vital proper to men and women with extreme allergies.
What Is the Demand Curve?The demand curve is a graphical illustration of the relationship between the charge of a true or provider and the volume demanded for a given period of time. In a ordinary representation, the fee will show up on the left vertical axis, the extent demanded on the horizontal axis.
Demand curve has two types person demand curve and market demand curve. It shows a graphical illustration of demand schedule. It can be created by way of plotting charge and quantity demanded on a graph. In demand curve, the rate is represented on Y-axis, while the extent demanded is represented on X-axis on graph.
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https://brainly.com/question/1139186#SPJ4Select the necessary words from the list of possibilities to complete the following statements.Statements Answer1. To __________ to information means to provide assurance as to its fairness and dependability. attest2. The AICPA requires members in public practice to obtain 120 hours of ___________ every three years. continuing education3. The two most essential qualities for a CPA to perform the attest function properly are professional competence and __________. independence4. The __________ regulates all accounting firms that audit public companies. Public Company Accounting Oversight Board5. Primary responsibility for audited financial statements rests with __________ even though the statements may be drafted and processed in the auditors' office. management
the company's management, which is being examined. The whole sentence is: "The management of the firm being audited has primary responsibility for the audited financial statements
Being accountable or responsible for one's actions, decisions, or commitments is a state or a fact. It entails taking responsibility for one's obligations, being dependable and trustworthy, and accepting the results of one's decisions. In both personal and professional settings, responsibility is an essential quality since it enables people to carry out their responsibilities in an efficient and moral manner. Being responsible in interpersonal interactions entails keeping one's promises and showing consideration for the needs and feelings of others. Responsibilities at work include completing duties to the best of one's abilities, meeting deadlines, and taking responsibility for one's errors. In general, being responsible is a crucial quality that promotes honesty, integrity, and
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Fill The Blank! a ________ is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
A multinational corporation that has a global reach and does not regard a certain nation as its base, home, and headquarters is referred to as a "transnational organization."
Explain about the transnational organization?The transnational corporation, also referred to as multinational corporation, is a business that has a registered office, conducts business, and has assets or any other facilities in for at least one other nation.
One nation serves as the headquarters for these corporations.
Transnational firms might not always be loyal to the nations in which they do business and instead prioritize protecting their own interests.When transnational firms establish offices abroad, they dodge the high import taxes involved.They use cheaper overseas labor than they might in the home country to cut costs.They acquire companies to stifle competition. They won't face as much competition if they buy overseas firms.Thus, a multinational corporation that has a global reach and does not regard a certain nation as its base, home, and headquarters is referred to as a "transnational organization."
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During the optimization process step of business process management, what are two key things manager look for in the process?
a. labor excesses and supply shortages
b. bottlenecks and excesses
c. individual process performance and whole process performance
d. potential slowdowns and savings opportunities
Business process management's Monitor phase is where bottlenecks and excesses in the engine are found. In the last stage.
Business process management (BPM) is a methodical approach for enhancing the procedures that businesses use to finish jobs, satisfy customers, and make money. Business process management is the practice of identifying, modeling, analyzing, measuring, improving, optimizing, and automating business processes. Any group of methods used to manage a business's commercial operations are referred to as BPM. During the Monitor phase, the team should keep an eye on the procedure, evaluating efficiency improvements and identifying any new bottlenecks. The team adjusts the procedure as needed to improve business activities in the final stage, Optimize. Bottlenecks and excesses in the engine are discovered in the Monitor phase of business process management. In the final phase
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Successful firms focus their efforts on satisfying customer needs that match their core competencies.
1. True
2. False
The given statement "successful firms focus their efforts on satisfying customer needs that match their core competencies" is true because successful firms often focus their efforts on satisfying customer needs that match their core competencies.
Core competencies are the unique strengths and capabilities that allow a company to deliver superior value to customers, and when a company can align those competencies with customer needs, it can create a strong competitive advantage. By focusing on meeting customer needs that match their core competencies, companies can differentiate themselves from their competitors and build strong customer loyalty. This can help to increase customer retention, enhance reputation, and ultimately drive sustainable business growth.
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In the video from the Office when the women were communicating with a client, they were using verbal communication to connect and relate. (T/F)
True, in the video from the Office when the women were communicating with a client, they were using verbal communication to connect and relate.
Verbal communication is when you or another person exchanges words orally. On the other hand, nonverbal communication refers to things that are expressed nonverbally, such as gestures, facial expressions, and body language.
An essential component of daily interactions at work is verbal communication. These abilities will help you communicate your work to your supervisor, share outcomes with key stakeholders, and update your team.
Additionally, you will employ them when you reply to others, whether to elucidate or offer criticism. Because they make for more productive, collaborating team members, employers prefer candidates with these skills.
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When unethical acts are discovered in a firm, in most instances
a. they are caused by unwilling participants.
b. the cause is due to external stakeholders.
c. the perpetrators are caught and prosecuted.
d. there was knowing cooperation or complicity from within the company.
e. the cause is a corrupt Board of Directors.
When unethical acts are discovered in a firm, in most instances d. there was knowing cooperation or complicity from within the company.
What are unethical acts?Unethical acts refer to behaviors or actions that violate moral principles, ethical standards, or established codes of conduct. Here are some examples of unethical acts is Fraud which is Deliberately deceiving others for personal gain or financial benefits, another one is Plagiarism which is Passing off someone else's work as one's own without proper attribution or credit.
An act that deviates from what is right or appropriate for a person, a profession, or an industry is deemed unethical behavior. People, businesses, professionals, and governments can all act unethically.
Therefore, option D are correct.
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Real GDP, unemployment, and _____ are the main statistics used by economist to assess the health of the economy.
a. inflation b. sticky prices c. sticky wages d. flexible prices
Real GDP, unemployment, and inflation are the main statistics used by economist to assess the health of the economy. The Option A is correct.
How is inflation used to assess the health of economy?Inflation is defined as a rise in prices that results in a loss of purchasing power over time. The average price increase of a basket of selected goods and services over time can reflect the rate at which purchasing power declines.
Inflation seeks to assess the overall impact of price changes on a wide range of goods and services. It enables a single value representation of an economy's increase in the price level of goods and services over time.
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If manufacturing overhead has been overallocated during the period, and most of the jobs produced have been sold, then a cost of goods sold should be increased. b.cost of goods sold should be decreased. c. finished goods inventory should be increased, d work in process inventory should be decreased,
Because manufacturing overhead is applied based on a preset overhead rate, there is a possibility that it will either be underapplied or overapplied. Manufacturing overhead is being overapplied if the account has a credit balance at the conclusion of the quarter.
How are manufacturing overhead expenses divided between the inventory of work-in-progress?A debit to the Manufacturing Overhead account is used to transfer manufacturing overhead expenses to the Work-in-Process Inventory account. Process costing is employed by accounting firms, construction companies, and healthcare organizations.
Each client is viewed as a task by a service provider, such as an accountancy firm. Actual overhead expenses exceeded those that were applied to jobs.
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Roger gets $ 40 $40dollar sign, 40 per day as wages and $ 4. 50 $4. 50dollar sign, 4, point, 50 as commission for every pair of shoes he sells in a day. His daily earnings goal is $ 112 $112dollar sign, 112.
Roger needs to sell 16 pairs of shoes in order to reach his daily earnings goal of $112.
To reach his daily earnings goal of $112, Roger needs to earn $72 more in addition to his daily wage of $40.
Let x be the number of pairs of shoes that Roger needs to sell in order to reach his daily earnings goal. Since he earns a commission of $4.50 for each pair of shoes he sells, he will earn 4.5x dollars for selling x pairs of shoes.
Thus, the equation that represents Roger's daily earnings is:
40 + 4.5x = 112
Subtracting 40 from both sides, we get:
4.5x = 72
Dividing both sides by 4.5, we get:
x = 16
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approximately how many american ffa degrees are awarded each year?
Approximately 3,500 American FFA Degrees are handed out each year at the National FFA Convention. That number represents less than half of one percent of all FFA members, making it one of the organization's highest honors. In addition to their degree, each recipient receives a gold American FFA Degree key.
Approximately, 3500 American FFA Degrees are handed out each time at the National FFA Convention. That number represents lower than half of one percent of all FFA members, making it one of the association's highest honors. In addition to their degree, each philanthropist receives a gold American FFA Degree key.
As the highest degree attainable in the National FFA Organization, the American FFA Degree shows an FFA member’s fidelity to his or her chapter and state FFA association. It demonstrates the trouble FFA members apply toward their supervised agrarian experience and the outstanding leadership capacities and community involvement they displayed through their FFA careers.
American FFA Degree donors show a pledge for the future and have gone over and beyond to achieve excellence.
The conditions to earn the American FFA Degree is set forth in the National FFA Constitution. To be eligible to admit the American FFA Degree, members must meet qualifications similar to entering a State FFA Degree, holding active classes for the once three times, completing secondary instruction in an agrarian education program, and operating an outstanding supervised agrarian experience program. Community service, leadership capacities, and outstanding educational achievement are also needed.
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Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary?a.Fixed periodb.Interest onlyc.Installment refundd.Life income
The settlement option that pays a stated amount to an annuitant, but no residual value to a beneficiary is the life income. The correct option is "D".
The life income settlement option is one that pays a stated amount to an annuitant, but does not provide a residual value to a beneficiary. This type of settlement option is typically used when an annuitant wants to receive regular payments over a period of time, without having to worry about leaving a residual value to a beneficiary.
A life income settlement is a financial arrangement that is made to provide a steady stream of income for the remainder of a person's life. This type of settlement is often used to provide financial security for the future, and is typically funded by investments, annuities, or other sources of income.
The correct option is "D".
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a tax imposed on the sellers of a good will raise the
A tax imposed on the sellers of a good will raise the price buyers pay and lower the effective price sellers receive.
What is tax?The term tax is referring as, A tax is a mandatory commercial as the undertaking charge or some other type of levy bring down on the taxpayer (an individual or legal entity) by a polity social group.
As, when the tax imposed on the sellers of a good will raise the overall cost of production that of the good will increase, as this quantity was supplied at the every price level.
Therefore, As a result, the demand of the supply analysis, the curves will shift in the left as responses in the tax.
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when is a transaction recorded in a general journal?
A transaction is recorded in the general journal when it occurs, and it must be recorded accurately to ensure that financial statements are prepared correctly.
Let's take a closer look at what this means mathematically. Every transaction has two sides, a debit and a credit. The debit side represents the inflow of assets or the outflow of liabilities or equity, while the credit side represents the opposite.
To record the transaction in the general journal, the accountant would write the date of the transaction, a brief description of the transaction, the accounts affected (in this case, inventory and cash), and the amount of the debit and credit entries.
This information is then posted to the respective accounts in the general ledger, which is a collection of all the accounts used by a business.
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sonja is a product manager for a line of consumer cosmetic products and is introducing a new product. she set the retail price at $20 per unit with wholesale margins of 10% and retail margins at 35%. how much will sonja’s company receive per unit under these terms?
a.$11.70
b. $9.75
c. $7.00
d. $13.00
Profit margin is a measure of profitability. It is calculated by finding the profit as a percentage of revenue and under these agreements, Sonja's company shall receive $9 per unit which is (B) $9.75 approx.
What are profit margins?Profitability is gauged by profit margin.
Finding the profit as a proportion of revenue is used to calculate it.
The profitability of your company is determined by your profit margin.
It evaluates how much of each dollar in sales or services your company retains from its profits and is stated as a percentage.
When the net income of the business is divided by the net sales or revenue, the result is the profit margin.
On the surface, a gross profit margin ratio of between 50 and 70 percent would be seen as healthy, and it would be for many different kinds of enterprises, including restaurants, merchants, manufacturers, and other goods makers.
So, the total margin including wholesaler and retailer margin is:
10 + 35 = 45
Then, the profit margin would be:
= 20/100 * 45
= 0.2 * 45
= $9
Therefore, the profit margin is a measure of profitability. It is calculated by finding the profit as a percentage of revenue and under these agreements, Sonja's company shall receive $9 per unit which is (B) $9.75 approx.
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what is the cost for a 30 second super bowl ad this year?
Answer: $6.5 million
economists sometimes give conflicting advice because
Economists sometimes give conflicting advice because they have different theories, models, and perspectives on how the economy works. These differing views can result in different predictions and recommendations.
For example, some economists may emphasize the importance of government intervention in the economy, while others may advocate for a laissez-faire approach. Some may prioritize reducing inflation over reducing unemployment, while others may prioritize the opposite. These disagreements stem from differences in beliefs about the role of government, the causes of economic problems, and the best way to address them.
Additionally, the availability of data and the methods used to analyze it can also lead to conflicting advice. For example, two economists may use different data sources or employ different econometric techniques, leading to different conclusions.
Another reason for conflicting advice is that economics is a social science and is subject to human biases and subjective interpretations. Economists may have different values, political views, and interests, which can influence their analysis and advice.
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how to calculated total fixed cost with formula?
Total fixed costs (TFC) are expenses that don't alter no matter how much output or sales volume fluctuates. You can use the following calculation to determine total fixed costs: TFC = total cost-total variable cost.
Total cost in this formula refers to all business expenses, including both fixed and variable costs. The term "total variable cost" (TVC) describes expenses like the price of raw materials, packaging, and commissions that change depending on the volume of output or sales.
To further comprehend the formula, consider the following example: Let's say a company pays the following expenses: Cost as a whole: $100,000 . $50,000 is the total variable cost.
You would use the following calculation to determine the overall fixed cost of the company: TFC equals "total cost minus total variable cost. "TFC = $100,000 - $50,000, TFC = $50,000. Hence, $50,000 represents the total fixed cost of the company.
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if inventory is debited and accounts payable is credited, then the company uses the ______.
If inventory is debited and the accounts payable is credited, then company uses the accrual accounting method.
What is inventory?An inventory is a comprehensive list of a business's assets, including the quantity and value of its products or goods. This record helps companies keep track of their stock levels, monitor their assets, and make informed decisions about ordering and restocking. Maintaining an accurate inventory is crucial for businesses as it enables them to optimize their supply chain, minimize waste, and maximize profits. With the help of modern technologies such as barcode scanners and inventory management software, businesses can streamline their inventory management processes and stay competitive in today's fast-paced market.
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what occurs in the process execution step of business process management?
All of the rules that apply before, during, and upon the process completion are carried out by the tool.
What does a business process include?Every business process consists of a series of connected steps that end with the provision of a good or service to a customer. This succession of tasks and tasks that, when accomplished, will accomplish the organizational goal is another description of a business process.
What is a step in a business process?Every business process is indeed an action or series of actions that fulfill a certain organizational objective. Business procedures should deliver consistent results, have clear objectives, and should be as precise as feasible.
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Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price. A tv with a cash price of $600 at $59. 00 per month for 12 months.
The answer is a) The total installment price is 708.00. b) 108.00 is the carrying charges. c) The number of month is 11.
a) The cost is $59 for each of 12 months, so the total cost:
=12×$59
= $708
b) The "carrying charges" are the difference between what is paid and the cash price is:
= $708 -600
= $108
c) Saving at the rate of $59 per month, it will take ...
$600/($59/mo) = 10.17 mo
To save the money, he amount saved will be $590, or $10 short of the required amount after 10 months, so it will take 11 months to save enough for the cash purchase.
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[True/False] Peanut butter and jelly are complements. If the price of peanut butter increases, the demand for jelly will increase.
The given statement " Jelly and peanut butter are complements. If the price of peanut butter increases, the demand for jelly increases as well." is false because peanut butter and jelly are typically considered substitutes rather than complements.
If the price of peanut butter increases, consumers may look for alternative spreads or foods to pair with their jelly, leading to a decrease in demand for peanut butter and potentially also a decrease in demand for jelly. This relationship between peanut butter and jelly can be referred to as an indirect relationship, meaning that a change in the price of one good affects the demand for another good indirectly, through changes in consumer behavior.
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Parking lots next to the stadium tend to fill up quickly. A stadium owner who profits from parking receipts would likely encourage fans coming to the game to do what?A. Take any public transportationB. Use satellite parking lotsC. Use metered parkingD.Take the train
A stadium owner who profits from parking receipts would likely encourage fans coming to the game to use satellite parking lots. Here option B is the correct answer.
By using satellite parking lots, the stadium owner can not only accommodate a larger number of vehicles but also generate more revenue by charging a parking fee for each vehicle. Additionally, having satellite parking lots allows for better traffic management and less congestion around the stadium, which could lead to a more positive fan experience.
Encouraging fans to take public transportation or the train may also be an option, as it would reduce traffic and parking congestion around the stadium. However, this may not be as financially beneficial to the stadium owner, as they would not be able to charge a parking fee.
Metered parking may also be an option, but it is unlikely that enough metered spaces would be available to accommodate a large number of fans.
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the major fossil fuels differ in the amount of carbon dioxide they emit into the atmosphere when burned. from worst to least, these are:________
Answer:
coal, oil, and natural gas
Explanation:
If demand for a product is price inelastic and the price decreases, total revenue will decrease.
The given statement "if demand for a good is price inelastic and the price decreases, total revenue will decrease" is false because if demand for a product is price inelastic and the price decreases, total revenue will increase.
Price elasticity refers to the responsiveness of demand to changes in price. A product with price inelastic demand means that the demand for the product is not very sensitive to changes in price. If the price of a product with price inelastic demand decreases, the quantity demanded will increase more than the price decrease, resulting in an increase in total revenue.
This is because consumers are willing to pay a relatively high price for the product, and a lower price will encourage them to purchase even more of it. On the other hand, if the price of a product with price elastic demand decreases, the quantity demanded will increase less than the price decrease, resulting in a decrease in total revenue.
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