Atlantic Coffee has recently decided to raise its prices by10%. It was shocked by its customers' reaction to the price increase when sales dropped24%. such a sharp drop in sales occurs because:_the demand for a specific brand of coffee is highly elastic.
The market fee is the modern rate at which an excellent service can be purchased or sold. The market price charge of an asset or carrier is decided with the aid of the forces of delivering and calling for; the fee at which the amount provided equals the amount demanded is the marketplace rate.
The primary price is the amount receivable through the manufacturer from the customer for a unit of an amazing or provider produced as output minus any tax payable, and plus any subsidy receivable, by means of the producer as a result of its manufacturing or sale.
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Answer:
<em>The growth center concept has formed the cornerstone of industrial development policy in South Africa since apartheid was introduced as a constitutional model in 1948. This paper attempts to recapture the evolutionary development of industrial policy in South Africa and to underline prominent deficiencies in present industrial development policy. South African industrial policy continues the segregation practices of the past, despite the government's repeated statements in recent years that it intends to move away from the concept of apartheid. Guidelines for a revision in industrial development thinking based on sound economic principles rather than concealed political practices are suggested for the country.</em>
An industry's overall strong sales or effective operations can be indicated by high inventory turnover. Lead time describes the amount of time needed to perform a procedure from start to finish.
<h3>What are the benefits of lead time in business?</h3>
In many sectors, lead time is a crucial statistic. To prevent a supply delay, which could have a severe impact on customer satisfaction, contractor dependencies, and cost efficiency in general, it is essential to calculate lead times accurately and consistently.
<h3>Why is the inventory so high?</h3>
It typically denotes some sort of mismanagement of stock demand as a result of things like excessive purchases, incorrect predictions, canceled orders, a poor economy, unexpected weather changes, uncertain consumer demand, or late or early delivery of goods.
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Answer: The correct answer is <u>"c. decrease in demand".</u>
Explanation: Complementary goods are all those products that depend on each other. That is, they are so closely linked that the behavior of one inevitably affects the behavior of the other.
The classic example of complementary goods is that of cars and gasoline. The sale of the former may be affected by an increase in the price of the latter; and, at the same time, the consumption of the second depends on the sale of the first.
If the fund pays 9% annually, you will have $1248.05 in two years.
Future value is the value of a product or investment at some point in the future. In other words, the future value is the amount of money that, assuming a specific rate of return, an investment will be worth after a specific period of time.
According to the concept of present value, money is worth more now than it will be later. In other words, money received in the future is not as valuable as money obtained now in the same amount.
A = Future Value
P = Present value
r = Rate of interest
n = Time period
A = 
= 
= $1248.05
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