Elasticity is the measure of the demand curve and it’s response to price. The more influenced by price, the more elastic, meaning the price willing to be paid will not deviate very much from the average. A small increase in price may cause quantity demanded to decrease by a large amount...
Definition:Net price is the total price charge for a good or service, after considering any added or subtracted amount. It is the price effectively asked to the customer once taxes, deductions or discounts are included in the amount.
ACentral Processing Unit (CPU)is the brains of a computer system - it's essentially what tells the computer what to do and how to do it. A CPU is composed of circuitry, which consists of three main components: a control unit, an arithmetic/logic unit (ALU), and a register set. The...
A form of discount generally given to the buyers to persuade them to buy goods / services in larger quantity is called quantity discount. Buying goods in larger quantities generally results in lower cost of production per unit item due to economies of scale. Hence incentivizing the buyers to bu...
Logistics refers to the process of storing, coordinating, and moving resources to a destination as needed. Here’s what logistics means and how businesses use it.
What is the meaning of mmHg in blood pressure readings? The term mmHg stands for millimeters of mercury and is a unit of measurement used to express blood pressure. In an Elsevier book “Cardiology Clinic”, Dr. Gbenga Ogedegbe and Dr. Thomas Pickering discuss the historical use of mercury ...
What is the meaning of scarcity? Answer and Explanation: Price elasticity of supply refers to how much the supply of a given item changes in response to an adjustment in the price of that item. For example,... Learn more about this topic: ...
Global commerce is the selling of products or services to customers in foreign countries, which can generate increased revenue and improve resilience.
What does depreciation of the exchange rate mean? Give an example. What does it mean for products to have different price elasticities? Define the Exchange rate . What is the meaning of average cost? What is market power, and how is it measured?
This can complicate the short sale process and add to the time it takes to complete the sale. Sold as-is In most cases, a short sale home is sold as-is, meaning the seller won’t make any repairs and may not be required to disclose certain issues. If the seller has faced financial...