the fact that international travelers are less sensitive on las vegas hotel price than california travelers is an example of:'
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The fact that international tourists are much less sensitive to Las Vegas motel charges than California travelers may be visible as an example of how exclusive groups of travelers may have varying levels of price sensitivity.
This may be due to a ramification of factors including cultural variations, profits degrees, and travel expectancies. international tourists can be less acquainted with the neighborhood pricing norms and may be greater inclined to splurge on steeply-priced inns.
However, California vacationers can be greater price-sensitive because of their familiarity with the place and a preference to keep money. information those variations in purchaser conduct can assist lodges and different travel organizations tailor their pricing strategies to goal unique consumer segments.
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The fact that international travelers are less sensitive to Las Vegas hotel prices than California travelers is an example of price elasticity of demand.
How responsive consumers are to changes in a product or service's price is referred to as price elasticity of demand. A good or service is considered to be highly elastic if a little change in price causes a big change in demand. In contrast, a good or service is considered to be somewhat inelastic if a significant change in price causes only a minor change in demand. The fact that visitors from outside of California are less sensitive to Las Vegas hotel pricing shows that prices for visitors from other countries may be rather inelastic. This might be the result of variables like different exchange rates, travel budgets, or value perceptions. Understanding the price elasticity of demand is important for businesses when setting prices and determining pricing strategies.
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Related Questions
A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
Answers
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
Does it matter how much money you make in your career?
Answers
Answer:
Yes,it does matter how much money you make in your career
PLS HELP ME I NEED THIS DONE TODAY!!! What does the audience focus on when an entire photograph is in focus? OA. OB. O c. O D. They focus only on the subject of the image. They review the entire image. They mainly focus on the foreground. They mainly focus on the background.
Answers
The answer is C. They mainly focus on the foreground in photograph.
When an entire is in focus, the audience's focus is not solely limited to the subject of the image. Instead, they tend to review the entire image, taking in all the details and elements present. While the subject may still attract initial attention, viewers often explore the composition as a whole.Photographs that are in sharp focus throughout offer a balanced visual experience, allowing viewers to engage with the foreground, middle ground, and background equally. This encourages them to examine various elements and relationships within the frame. To improve decision making and creativity in teams, several strategies can be employed. First, fostering open and inclusive communication is essential. Encouraging team members to freely express their ideas, opinions, and concerns creates a collaborative environment where diverse perspectives can be considered.Secondly, establishing a clear decision-making process can streamline the team's efforts. Defining roles and responsibilities, setting goals and objectives, and outlining the steps to reach a decision can enhance efficiency and effectiveness.Encouraging creative thinking and innovation is also crucial. Providing space for brainstorming sessions, idea generation, and exploration of different possibilities allows team members to think outside the box and come up with unique solutions.
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What are the major provisions of the Equal Credit Opportunity Act? Respond in 3-4 sentences.
Also research what creditors look for? Explain in detail
Answers
Answer:
Explanation:
The major provisions of the Equal Credit Opportunity Act are that it is against the established law for any creditor to differentiate against any applicant, based on certain characteristics such as race, color, religion, national origin, sex, marital status, or age
It is also considered illegal for any creditors to ask questions such as "their marital status or if they have the intention to have children.
Also, the usual practice is to inform any applicants of the status of their credit application, whether it is granted or otherwise within 30 days of application.
Generally, creditors look for information that may suggest that the applicants can easily repay their loan or credit facilities. Such as your income level, and age.
name four commercial services which are useful to a manufacturer
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suppose that glamour nails, incorporated's capital structure features 30 percent equity, 70 percent debt, and that its after-tax cost of debt is 4 percent, while its cost of equity is 10 percent. if the appropriate weighted average tax rate is 21 percent, what will be glamour nails' wacc?
Answers
Glamour Nails' WACC is 6.92% when glamour nails, incorporated's capital structure features 30 percent equity, 70 percent debt, and that its after-tax cost of debt is 4 percent, while its cost of equity is 10 percent. if the appropriate weighted average tax rate is 21 percentl.
To calculate the WACC (Weighted Average Cost of Capital) for Glamour Nails, we need to use the formula:
WACC = (E/V x Re) + (D/V x Rd x (1-Tc))
Where:
E/V = percentage of equity in the capital structure = 30%
Re = cost of equity = 10%
D/V = percentage of debt in the capital structure = 70%
Rd = after-tax cost of debt = 4%
Tc = weighted average tax rate = 21%
Now, let's plug in the values:
WACC = (0.3 x 0.1) + (0.7 x 0.04 x (1-0.21))
WACC = (0.03) + (0.0392)
WACC = 0.0692 or 6.92%
Therefore, Glamour Nails' WACC is 6.92%.
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The massive amount of individual consumer data avallable digitally could lead to which of the following levels of price discrimination? Individual pricing Group pricing Segmentation fluctuation BI-level pricing
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The massive amount of individual consumer data available digitally could lead to individual pricing.
Consumer data refers to information collected and analyzed about individuals or groups of consumers. It includes various types of data such as demographic information (age, gender, location), purchasing behavior, browsing history, preferences, interests, and interactions with products or services. This refers to the practice of setting prices based on specific characteristics or behaviors of individual consumers, allowing companies to tailor prices to each customer. By analyzing consumer data such as purchasing history, preferences, demographics, and online behavior, companies can personalize prices and offer targeted discounts or promotions to different individuals. This level of price discrimination aims to maximize revenue by charging each customer the highest price they are willing to pay, based on their unique attributes and behavior.
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Allison would like to find all records that are in stock. In her database, she has a field named "in stock." When the item is in stock, a "yes" appears. What should Allison do?
Conduct a query and set the criteria as =yes.
Conduct a query and set the criteria to >2.
Locate each record and check each one.
Sort the records in ascending order by item number.
Answers
Answer: she should conduct a query and set the criteria to >2
Explanation:
Don’t know this but I tried I am only in 9th grade
When examining the cost curves for a firm, the minimum average variable cost occurs at the output level where:_____.
Answers
When examining the cost curves for a firm, the minimum average variable cost occurs at the output level where Zero point level.
The "zero profit point" is the location where the marginal cost curve crosses the average cost curve, at the minimum of the average cost curve. A completely competitive firm should close its doors if its market price is less than its average variable cost at the profit-maximizing output level.
A totally competitive corporation is unable to control the price it charges because it must accept the price for its output that is established by the supply and demand for the product in the market.
Since the profit calculation already accounts for this, the perfectly competitive firm can provide any quantity of units at the same price.
It suggests that the company's product has a completely elastic demand curve, meaning that customers are eager to purchase any quantity of the company's output at the going rate.
The quantity that the perfectly competitive firm decides to produce will define its total revenue, total costs, and eventual level of profits along with the prices that are currently in effect on the market for inputs and output.
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What is true about contemporary Indian Economy
Answers
Answer:
There is a great scope for its growth in the future.
Hope this helps.
The smaller the GDP, the larger the economy.
Answers
Answer:
Real gross domestic product is an inflation-adjusted measure
price levels and provides a more accurate figure of economic growth
This means that if inflation is positive, real GDP will be lower than nominal, and vice versa
The Shell Corporation has a 34% tax rate and owns a piece of petroleum-drilling epidament that costs $123,100 and will be depreciated at a CCA rate of 30%. Shell will kase the equipment to others and each year receive $34,000 in rent. At the end of the years, the firm will sell the equipment for $33,500. All values are presented in today's dollars Calculate the overall present worth of these cash flows with tax effects if market interest rate is 10% and annual inflation rate is 2%.
Answers
So, the overall present worth of these cash flows with tax effects is $17,847.65.
The overall present worth of these cash flows with tax effects can be calculated using the present value formula, which is:
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.
In this case, the future value is the equipment's cost minus its salvage value at the end of its useful life. The salvage value is calculated by subtracting the accumulated depreciation from the equipment's cost.
The salvage value of the equipment at the end of its useful life is calculated as follows:
Salvage value = Cost - Accumulated Depreciation
Salvage value = 123,100−123,100 * (34/100) = $98,647
The future value of the equipment is therefore:
Future value = 123,100−98,647 = $24,453
The interest rate is the tax rate, which is 34%. The number of periods is the number of years that the equipment will be rented, which is 4 years.
PV = Future value / (1 + 34/100)^4
PV=24,453 / 1.344
PV = $17,847.65
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while ppo subscribers may see any licensed physician or health care professional, and use any hospital or ancillary facility, in or out of the local network, a subscriber's out of pocket expense will be what when using in-network providers?
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When using in-network providers, a PPO (Preferred Provider Organization) subscriber's out-of-pocket expense is typically lower compared to using out-of-network providers.
PPO networks consist of a group of healthcare providers, including physicians, hospitals, and ancillary facilities, that have contracted with the PPO to provide services at negotiated rates. These providers are considered "in-network" for PPO subscribers.
When a PPO subscriber chooses to receive care from an in-network provider, the PPO plan typically offers discounted rates or a higher level of coverage for services rendered. This means that the subscriber's out-of-pocket expenses, such as deductibles, copayments, and coinsurance, are usually lower when using in-network providers.
In contrast, if a PPO subscriber decides to use an out-of-network provider, they may incur higher out-of-pocket costs. Out-of-network providers may not have negotiated rates with the PPO, and the consumer may be responsible for a larger portion of the costs or may need to meet a separate out-of-network deductible.
It's important for PPO subscribers to review their specific plan details and coverage policies to understand the extent of their out-of-pocket expenses when using in-network providers.
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Using the PV function, if the interest rate is an annual rate and the payments are quarterly, what should you type after the cell address?
A. /12
B. /6
C. /4
D. /2
Answers
If the interest rate is an annual rate and the payments are quarterly, in the PV function, you should type C. /4
How to use the PV function in spreadsheet ?The PV function in spreadsheet is used to calculate the present value of an investment or a series of payments. The function requires several arguments, including the interest rate, the number of payment periods, and the payment amount.
If the interest rate is an annual rate but the payments are made quarterly, you need to adjust the interest rate to reflect the quarterly payment periods. To do this, you divide the annual interest rate by the number of payment periods per year. In this case, since the payments are quarterly, you would divide the annual interest rate by 4.
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Which of the following is NOT a function of a distribution channel?
Negotiation
Information
Innovation
Promotion
Answers
Answer:
I want to say promotion
Explanation:
but I hope I help
Innovation does not operate as a distribution channel because it transforms fresh concepts and inventions into products and services.
What is a distribution channel?
Delivery of a good or service from one level to another is referred to as using a “distribution channel.” many levels of distribution, including a zero-level, one-level, two-level, three-level, and four-level channel.
Negotiation, information, promotion, ordering, funding, risk-taking, actual ownership, and payment are the major activities of a distribution channel.
As a result, option (c) is accurate.
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In marketing channels for business products, an intermediary that performs a variety of marketing channel functions including selling, stocking, delivering a full product assortment, and financing is referred to as
Answers
Answer: Industrial distributors
Explanation: Industrial distributors could be described as independent businesses or setups who acts as intermediary between businesses. Generally, industrial distributors deals with bulk supply and stocking of products which are usually used by production firms rather than that which is sold to the end users or consumers. Industrial distributors usually ease the woes of most businesses who are into production of goods and services, the industrial distributors supplies these businesses with the required materials needed for their production. Industrial distributors also make shipping of these goods in bulk from some manufacturers before selling to other business outlet who require the materials for production.
What term is commonly used to describe how a company builds and maintaining strong barriers to withstand competitive attacks?.
Answers
Product differentiation is used by companies to maintain strong barriers to withstand competitive attacks.
The fundamental aspect that differential products and services of a company from that of other companies if known as product differentiation. Product differentiation that works results in brand loyalty and higher revenue.
A product differentiation strategy entails finding and highlighting a product or business's distinctive characteristics in addition to the key distinctions between it and its rivals. Creating an attractive value proposition and product differentiation work hand in hand in order to make a product or service appealing to a target audience or client. If done well, product differentiation can give the seller of the product a competitive edge and ultimately increase brand recognition.
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E-mail is usually a formal mode of business communication. Please select the best answer from the choices provided T F.
Answers
Answer:
F
Explanation:
No because at those formal period email wasn't created the formal mode of business communication was letter through the use of type writters
Answer:
false
Explanation:
In Word Online, the Save As command is located under which tab?
File
Home
Layout
Review
Answers
Answer:
it is file
Explanation:
just did a test got it right
Please help............
Answers
Select the correct answer from each drop-down menu.
What are the five main columns of a journal?
The five main columns of a journal are date, account, (company's name, explanation, vendor's name)
, PR, (customer's names, debit, company's name)
, and credit.
Answers
The five main columns of a journal in accounting are:
Date,Account Title and Description,Posting Reference,Debit,Credit.What is the structure of journal in accounting?Journal entries serve as the foundation of an organization's accounting system. All systems, whether paper-based, fully automated, or a hybrid of the two, rely on journal entries. All transactions for a business are recorded in journal entries.
Journal entries are formatted in a consistent manner. A properly formatted journal entry will include the correct date, general ledger accounts, the amount(s) to be debited and credited, a description of the transaction, and a unique reference number, such as a check number.
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The basic function of marketing research is:___________
a. to conduct surveys and analyze results.
b. to gather information needed to help managers make better decisions.
c. to monitor market trends and developments.
d. All of these are correct.
e. to gather intelligence on competitors.
Answers
The basic function of marketing research is to gather information needed to help managers make better decisions.
Hence, option b is correct.
What is Marketing research?Marketing research is a process of gathering information about the target market and customers interest in the product or service.
What is Gather information?Gather Information means collecting information about something.
What do yo mean by better decisions?Better Decisions generally relates to the good decision that give the best outcome.
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Describe the internal control issue in the following situation. The mail clerk opens the mail, records the receipts, and turns this record and the receipts over to the bookkeeper, who deposits the receipts in the bank. The bookkeeper then records the receipts in the customer accounts.
Answers
The internal control issue in the situation with the mail clerk opening the mail and recording the receipts, and the bookkeeper recording the deposits, is Segregation of Duties.
What is the Segregation of Duties internal control ?The procedures, checks, and balances that must be put in place when a business expands are known as internal controls. Any component of your business, from IT to human resources, can be related to internal controls.
One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
The idea that managing a firm shouldn't be the responsibility of one person forms the cornerstone of segregation of roles. No one individual should be in charge of any task that could result in fraud or other illegal activities that could hurt the business.
This is why the mail clerk and the bookkeeper should not be doing the number of tasks that they do.
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Which describes the liability of an owner of a sole proprietorship?
limited
undefined
nonexistent
unlimited
Answers
hope this helps
which of the following is not an element of structural quality in child care programs
Answers
Answer:
The correct answer is ''Parent-caregiver relationships.''
how many times was the debt ceiling raised from 2016 to 2020?
Answers
Answer:
2.
Explanation:
On March 15, 2017, it was raised by $1.7B. On September 30, 2017, the debt ceiling was suspended. On March 1, 2019, it was $22.03T and raised by $2.18B. On August 2, 2019, it was again, suspended.
the budgeted balance sheet assumes that all operating and financing plans are met. true false
Answers
False, the budgeted balance sheet does not assume that all operating and financing plans are met.
The budgeted balance sheet is a financial statement that reflects the projected financial position of a company based on its planned operating and financing activities.
However, it is important to note that the budgeted balance sheet is based on assumptions and projections, and it does not guarantee that all operating and financing plans will be met. It is a tool used for financial planning and forecasting, providing a snapshot of the company's expected financial position if the budgeted plans are realized.
However, unforeseen circumstances, changes in market conditions, or deviations from the planned activities can impact the actual financial results, leading to variations between the budgeted balance sheet and the actual balance sheet.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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if you are in charge of a company in an oligopoly, it is vital to multiple choice question. set low prices. watch competitors. maximize revenue. set high prices.
Answers
If you are in charge of a company in an oligopoly, it is vital to watch competitors.
In an oligopoly market structure, there are a limited number of firms that dominate the market and have significant market power. As a result, the actions of each firm can have a significant impact on the overall market and the behavior of competitors.
Therefore, it is crucial to monitor the actions of competitors closely and adjust business strategies accordingly. This includes keeping an eye on their pricing, marketing, and product strategies to ensure that your company remains competitive and can maintain market share.
While maximizing revenue and setting prices are important considerations in any business strategy, they are not necessarily the most vital in an oligopoly market structure, where the actions of competitors can have a significant impact on the success of the business.
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The percentage of total workers who are out of work but seeking jobs and
willing to work is known as the
_______ rate.
Answers
Answer:
its either labor force participation rate or unemployment rate.
since he is still seeking a job, this leads me to believe that it is the labor force one, but to get the labor force participation rate you need the employed and the unemployed.
Explanation: