Explanation:
It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.
This means that the market elasticity of demand is:
[ FIND THE ATTACHMENT FOR SOLUTION]
I think its either to balance available resources and expenses or to plan future income and spending
Answer:
Downward communication
Explanation:
She is a higher up in the club, and conveys information to the rest of the club members, who don't have as much of an important position. Her job is to move information given to her to the rest of the members.
Answer: Product champion
Explanation:
A product champion is an individual who sees value in a good or service, and then creates and develops the good in a systematic fashion. The product champion tempts decision makers to invest, promote or sell the product.
The product champion is usually a
senior individual or executive of an organization who takes charge of developing the internal and external promotion of a particular good or service. In the above question, Leah is a product champion.