Of the following options, the factor that might pose the greatest risk to a person applying for a credit card for the first time is option (C): A low introductory rate that will increase over time. A credit card is a type of loan that allows you to borrow money when you make a purchase.
You must repay the amount you borrowed at a later date, as well as any interest charges incurred. Credit cards are offered by a variety of lenders, including banks, credit unions, and department stores.Credit card interest rates. The interest rate on a credit card is the amount you must pay to borrow money.
The credit card issuer usually sets the interest rate. Interest is calculated based on the amount of money you owe and is typically expressed as an annual percentage rate (APR).
APRs can be fixed or variableFixed APR: A fixed APR is one that remains constant over time.Variable APR: A variable APR can fluctuate over time. The rate you are charged is determined by adding a set amount (known as the "margin") to an index (such as the prime rate) that changes over time.
Credit card issuers may also offer introductory or promotional APRs, which are lower than the regular APR for a set period. Once the promotional period ends, the interest rate will rise to the regular APR. A low introductory rate is an initial, temporary interest rate that is charged on a credit card balance.
The promotional period is usually between 6 and 18 months, but it can last up to 24 months. The low introductory rate is usually much lower than the regular APR. After the promotional period ends, the interest rate on the outstanding balance reverts to the regular APR.
A low introductory rate can seem appealing, but it is important to read the terms and conditions to understand what happens when the promotional period ends. If the rate increases significantly, you may end up paying more in interest charges than you would have if you had selected a card with a higher regular APR from the start.
This factor is the reason why option (C): A low introductory rate that will increase over time might pose the greatest risk to a person applying for a credit card for the first time.
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one bag of flour is sold for $1.00 to a bakery, which uses the flour to bake two loaves of bread that are sold for $3.00 each to consumers. a second bag of flour is sold for $1.00 to a grocery store, which sells it to a consumer for $2.00. taking these transactions into account, what is the effect on gdp?
Taking these transactions into account, the effect on GDP is that GDP increases by $5.00.Thus the correct option is B.
What is a consumer?A consumer is referred to as an end user of any product. He is the person who utilized or consumes the goods. For example, when parents purchase baby food, they will be considered as customers, not consumers the consumer is a kid.
Gross Domestic Product is The sum of all the finished items and services produced inside a nation's boundaries during a certain time period in terms of money or market value.
Since bread flour is an intermediate good, its value will not be included. However, the cost of bread will be included.
Thus, an increase in GDP
= $3 + $2
= $5
Therefore, option B is appropriate.
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The complete question is
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold for $1 to a grocery store who sells it to a consumer for $2.00. Taking these four transactions into account, what is the effect on GDP?a. GDP increases by $3.00.b. GDP increases by $5.00.c. GDP increases by $6.00.d. GDP increases by $7.00
If the united states government raises the income taxes on the wealthiest americans, while increasing welfare payments to the poorest americans, the result will likely be.
If the United States government raises the income taxes on the wealthiest Americans, while increasing welfare payments to the poorest Americans, the result of wealth redistribution will likely be reduced efficiency and increased equality.
What is wealth redistribution?Wealth redistribution is the economic policy of reducing inequality.
However, increasing equality or reducing inequality decreases economic efficiency.
For example, wealth redistribution reduces the wealthy's incentives to increase wealth by producing more goods and services.
Consequently, fewer goods and services (wealth) are produced for society. When this happens, the economic pie is reduced and the economy is less efficient.
Thus, the result of wealth redistribution will likely be reduced efficiency and increased equality.
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n2care is marketing its medcottages to senior citizens and their family members. in addition, the company must consider the family life cycle stage of consumers purchasing medcottages. n2care is primarily using
The "MEDCottage" was developed by N2Care, a Salem-based business, for senior citizens who have no plans to enter a nursing facility in the future. 78 million aging boomers may choose the MEDCottage concept, a small (288 sq ft) prefab building intended to be built up on a caregiver's property, according to N2Care founder Kenneth Dupin, who claimed that he was "throwing down a bedpan gauntlet at the steps of the White House and Congress."
Giving seniors a place to reside that has cutting-edge technology and would keep them near loved ones gives caretakers piece of mind since they won't have to worry about their ailing and elderly family members being too far away. According to information from N2Care, the MEDCottage, which was recently introduced at a news conference, contains a communication center, robotic technology, and environmental controls at "a fraction of the expense of a hospital or nursing home."
The family life cycle refers to the emotional and intellectual stages a family member experiences from childhood to retirement. You encounter difficulties in your family life at each level that provide you the chance to develop or learn new abilities.
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your company’s financial year starts in february and ends in january. as the administrator, what must be done to make sure this is reflected in salesforce? (choose 2)
Must be done to make sure this is reflected in salesforce-
1. Use your normal fiscal year.
2. Select the start month of the fiscal year.
Salesforce
San Francisco, California serves as the corporate headquarters of Salesforce, Inc., an American provider of cloud-based software. We offer customer relationship management (CRM) software and apps with an emphasis on analytics, application development, and automation of sales, customer support, and marketing. Marc Benioff, a former executive at Oracle, founded Salesforce, which has expanded quickly to become one of the largest businesses in the world and went public in 2004. By 2022, Salesforce will overtake Microsoft as the largest enterprise software provider in the world because to its steady expansion, which made it the first Cloud computing company to generate $1 billion in revenue in 2009.
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from the information about chobani in the case and at the start of the chapter, (a) who did hamdi ulukaya identify as the target market for his first cups of greek yogurt and (b) what was his initial "4ps" marketing strategy?
A. Target market for Chobani Greek Yogurt. Hamdi Ulukaya saw his Chobani Greek Yogurt as appealing to all American consumers—the mass market—when he first introduced his Greek Yogurt in the United States.
B. Chobani's initial 4Ps marketing strategy. Consists of the following marketing actions:
What is Marketing strategy?
A marketing strategy is a long-term plan for achieving a company's goals through comprehending customer needs and creating a distinct, sustainable competitive advantage.
Therefore,
From the information about chobani in the case and at the start of the chapter, (a) who did hamdi ulukaya identify as the target market for his first cups of greek yogurt and (b) what was his initial "4ps" marketing strategy?
A. Target market for Chobani Greek Yogurt. Hamdi Ulukaya saw his Chobani Greek Yogurt as appealing to all American consumers—the mass market—when he first introduced his Greek Yogurt in the United States.
A. Chobani's initial 4Ps marketing strategy. Consists of the following marketing actions:
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ginnie has an interest-only home equity loan at an annual interest rate of 7%. if her monthly payment is $1,458, how much is the loan’s principal balance (rounded to the nearest dollar)?
Ginnie has an interest-only home equity loan at an annual interest rate of 7%. if her monthly payment is $1,458, $250,000 is the loan’s principal balance (rounded to the nearest dollar).
$1,458 x 12 months = 17,496
17,496 / 0.07 =$249,942
$250,000 is the correct answer.
What is Loan Principal Balance?
Principal is the initial sum of a loan in the context of borrowing; it can also refer to the balance still owed on a loan. The principal of a $50,000 mortgage, for instance, is $50,000. If you pay down $30,000, the remaining $20,000 is the primary balance. The principal of a loan determines how much interest you pay. The amount of your monthly loan installments is applied to the accrued interest first and only then to the principle when you make a payment. The only method to lower the amount of interest that accrues each month is to reduce the loan's principal.
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there are dozens of laptop manufacturers around the world. according to the idea of efficient production, there should only be one laptop manufacturer, making laptops at the lowest marginal cost. government regulation will ensure that every firm produces at the lowest marginal cost. each firm independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all firms. a competitive market will drive most manufacturers out of business, leaving just a few firms to produce at the lowest possible cost.
Each firm independently decides how many laptops to produce and the marginal cost of the last unit produced will be the same for all firms.
Marginal cost refers back to the increase or decrease inside the price of manufacturing one extra unit or serving one greater consumer. It's also referred to as incremental price.
What is marginal cost give example?
Marginal cost is the brought price to produce an extra suitable. As an example, say that to make one hundred vehicle tires, it expenses $100. To make one extra tire could value $80 then the marginal cost: how a good deal it expenses to create one additional unit of a great or service. The fees of manufacturing determine the marginal cost.
What does marginal cost formula?
Marginal cost is calculated as the overall fees required to manufacture one extra good. Therefore, it could be measured via modifications to what expenses are incurred for any given extra unit. Marginal fee = change in general fees / alternate in amount of units Produced.
Why marginal cost is vital?
The marginal cost of manufacturing is used to measure the trade within the fee of a product resulting from the manufacturing of an additional unit of output. While the enterprise reaches the gold standard manufacturing degree, producing extra units will boom the price of manufacturing per unit.
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maybe a play around how iot is making hybrid work a reality for the manufacturing/construction sector (
Making conventional factories into intelligent environments is possible with the help of the Industrial Internet of Things (IIoT). IoT in manufacturing is causing unheard-of disruption and has the potential to increase production and efficiency while making factories safer for frontline employees.
The Internet of Things (IoT)
The Internet of Things (IoT) refers to physical objects (or groups of such objects) that are equipped with sensors, processing power, software, and other technologies that connect to and exchange data with other devices and systems over the Internet or other communication networks. The term "Internet of Things" has been deemed misleading because devices do not need to be connected to the public internet; instead, they must be connected to a network and be individually addressable.
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bpmn blank is anything that happens during the course of a business process, including customer requests, time requests, and the end of the process.
The answer is event.
A BPMN event takes place when a business process progresses.
What is BPMN event?
The Business Process Model and Notation is the graphical depiction of a business process model used to describe business processes (BPMN).
Since the Object Management Group (OMG) and the Business Process Management Initiative (BPMI) amalgamated in 2005, BPMN has been managed by the OMG. BPMN 2.0 was introduced in January 2011; the name was changed to Business Process Model and Notation to emphasize the inclusion of execution semantics in addition to the already existing notational and diagramming features.
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Select the correct answer. after writing an official document, what strategy can you initially use to ensure that it makes sense? a. determine the purpose of the document. b. define your audience. c. delete all of the long words. d. read it aloud to yourself.
Read it aloud to yourself is the correct option.
Every time I write a formal letter, I read it out loud to myself to ensure that everything is written correctly. Moreover, does it make sense or not? Additionally, the letter's goal was successfully accomplished. So, to verify if there are any errors or not, this is the first step I take after composing an official letter. By doing this, I can typically see where I made problems in the letter. I then read it again after making my corrections. This allows me to define my audience, determine the document's objective, and delete or alter any unnecessary or repetitive terms.
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The two pivotal factors that distinguish one competitive strategy from another boil down to.
The two pivotal factors that distinguish one competitive strategy from another boil down to:
(1)whether the company's market target is broad or narrow, and (2) whether the company is pursuing a competitive advantage linked to lower costs or differentiation.
broad differentiation, best-cost provider, low-cost provider, focused differentiation, and focused low-cost strategies are examples of generic competitive strategies. T he following generic types of competitive strategies is usually the "best" strategy for a business to use
What distinguishes focused (or market niche) strategies from broad differentiation strategies and low-cost leadership is their concentrated interest on serving the needs of buyers in a small portion of the overall market significantly lower overall costs than competitors on comparable products.
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When a speaker uses falling intonation during an informal talk, what does that
it tell the audience?
A. "The speaker is going to talk about a contrasting idea."
B. "Pay attention. This part really matters."
C. "This talk is hard to follow because everything sounds the same."
D. "This speaker is finishing a thought."
If a speaker uses falling intonation during a talk it is likely because "This speaker is finishing a thought." (option D)
What is intonation?In language, intonation refers to a variation in the pitch of one's voice, for example, if one's raises the voice, the intonation changes.
Why is intonation important?Intonation is often adapted depending on the speaker's intention and situation. Here are some examples:
Rising intonation is used to start a new idea.Falling intonation is used to finish an idea.Changing the intonation every certain time can help the speaker maintain the audience's attention.Using the same intonation can cause the people from the audience to lose concentration.Why would a speaker use falling intonation?The most common purpose for using this type of intonation is to finish a thought, this can also apply to finishing an intervention or a message.
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negotiation is a process reserved only for the skilled diplomat, top salesperson, or ardent advocate for an organized lobb
Correct answer is false.
According to Iragorri (2003), an effective negotiation is being able to achieve mutual agreement by peaceful means. The process of a negotiation in diplomacy goes through five important stages that is, preparation, discussion, proposing, bargaining and settling process.
Negotiating parties vary and can include buyers and sellers, an employer and prospective employee, or governments of two or more countries and many others therefore, negotiation is not only reserved for skilled diplomat, top salesperson, or ardent advocate for an organized lobb.
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if aggregate demand is growing faster than long-run aggregate supply, the federal resrve is most liekly to
If aggregate demand is growing faster than long run aggregate supply, the Federal Reserve is most likely to - sell securities on the open market.
What does the Federal Reserve simply do?
The Federal Reserve provides the USA with a secure, bendy, and strong financial and monetary device. The Fed's most important obligations include engaging in countrywide monetary coverage, supervising and regulating banks, maintaining economic balance, and supplying banking services.
Is the Federal Reserve part of the government?
The Federal Reserve Banks aren't part of the federal authorities, but they exist due to an act of Congress. Their cause is to serve the general public.
How effective is the Federal Reserve?
The U.S. primary banking gadget—The Federal Reserve, or the Fed—is the maximum effective economic institution within the USA, possibly the arena. Its core obligations include placing hobby quotes, managing the money supply, and regulating economic markets.
How does the Federal Reserve make money?
The Federal Reserve is not funded by means of congressional appropriations. Its operations are financed generally from the hobby earned at the securities it owns—securities obtained within the course of the Federal Reserve's open marketplace operations.
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teece, profiting from technological innovation: implications for integration, collaboration, licensing and public policy, rsch. policy
Establishes a framework inside which to research the earnings distribution of improvements and determines the reasons why imitators may additionally outperform innovators. First, the three essential constructing blocks vital to give an explanation for the distribution of improvements are discussed
The appropriability regime, complementary assets, and the dominant design paradigm. the imitation method and the distribution of income among innovators and followers are tested by using bearing on those three ideas. Then the ideal management shape is proposed which the innovator must establish over crucial, complementary assets.
In the end, implications for the R&D approach, enterprise shape, and change regulations are discussed. analysis suggests that firm obstacles are an important strategic variable for firms that innovate. additionally, innovator possession of complementary property can be the deciding component in whether innovators or imitators outperform each other in garnering the most financial return from innovation.
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a company issued 9%, 5-year bonds with a par value of $490000. the market rate when the bonds were issued was 10%. the company received $124,979 cash for the bonds. using the effective interest method, the amount of interest expense for the first semiannual interest period is: multiple choice $6,500.00. $5,850.00. $12,497.90. $11,700.00. $6,248.95.
The correct answer of this question is $6420.95.
Given here, the market rate is 10% and the time is semiannual period (1/2 year)
Now we calculate, Amount of interest expense by the formula,
Amount of interest expense = Principal × Rate × Time
= 124979 × 10% × ½
= 6248.95 $
So, the amount of interest expense for the first semiannual interest period is 6248.95$.
Interest expense made by a business on any bonds, loans, convertible debt, and lines of credit are included in interest expenditure, which is a term used to describe the cost of borrowing money.
Margin interest, which is charged in taxable brokerage accounts when borrowed money is used to buy investments, is also included in interest expense. A company’s interest expense is included on its income statement and represents the interest accrued, but not necessarily paid, over a specific period of time.
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why is the value added by each producer included in the calculation of gdp instead of its sales revenue?
The value added of an industry, also known as gross domestic product (GDP)-by-industry, is the amount that a government or private sector contributes to overall GDP.
Figures for the Gross Domestic Product
An economy's output is measured by its gross domestic product (GDP) over a specific time period. More specifically, the term "gross domestic product" refers to the "market worth of all final goods and services produced within a country in a given period of time." The methods typically used to calculate the gross domestic product of an economy include the following:
The method of output (or production) Utilizing the market prices for each of the final commodities and services, weight the total production of all products produced in an economy over a certain time period.
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david j. walsh, employment law for human resource practice, sixth edition, cengage learning, 2018. (isbn 9781337555326)
Walsh's EMPLOYMENT LAW FOR HUMAN RESOURCE PRACTICE, 6E presents the main topics and norms of employment law in simple words and is full of recent cases and practical applications.
You get knowledge about how laws affect your profession as a manager or worker. The book discusses legal concerns at every level of the employment process, from hiring and managing to terminating. You can better comprehend how legal principles relate to the workplace by reading about recent news articles, hypothetical circumstances, and actual cases.
A summary of useful tips for managers is provided at the end of each chapter. The most crucial areas of employment law are covered, together with the most recent rules, laws, and case law. You acquire knowledge on how to avoid discrimination and harassment, make accommodations for workers with disabilities, grant family and medical leaves, abide by wage and hour legislation, and avert wrongful termination and other typical legal problems.
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in a recent issue of aarp the magazine, a print ad for state farm insurance annuities advises readers that "the company has helped you enjoy your time with the kids and it can now help you enjoy your time without them." the ad is most likely targeted toward which generational cohort?
In the issue of this magazine the people that the ad is most likely targeting would be the baby boomers.
Who are the baby boomers?This is the name that was used to refer to the people that were born at the period that the second word war ended and towards the 1960s. These were the people that were in the United States between the years of mid-1946 and mid-1964,
Hence we can conclude by saying that In the issue of this magazine the people that the ad is most likely targeting would be the baby boomers.
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if when making the decision about whether to move their plant to honduras, smooth ride management considered how they would feel if details of the move were the focus of a headline story on the front page of the wall street journal, which test would they be applying?
If details of the move were the focus of a headline story on the front page of the wall street journal, The public disclosure test they are applying.
What is the Public disclosure test?
This is a test or procedure to ascertain whether the corporation will provide full disclosure to the general public and stakeholders. The test of public transparency has strengths and weaknesses.
Any non-confidential communication that an inventor or invention owner makes available to one or more members of the public, disclosing the existence of the invention, is referred to as a "public disclosure."
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carly’s cupcakes calculated $10,000 in depreciation expense for its baking equipment in the first quarter. what is the adjusting journal entry carly must record to recognize this expense?
Depreciation A/c Dr.$10,000
Assets this will be the adjusting journal entry Carly will do to record to recognize his expenses.
How are depreciation rates for equipment determined?The asset's salvage value—or what you anticipate it to be worth at the end of its useful life—must be subtracted from its cost in order to determine depreciation using the straight-line technique.
What is Depreciation ?Depreciable basis, or the amount that may be written off, is the outcome. By how many years the asset will be useful, divide this sum. Depreciation In a journal entry, the depreciation account is debited and the appropriate fixed asset account is credited to reflect the decrease in the value of the fixed assets as a result of regular wear and tear, normal usage, technological advancements, etc. Following the matching principle is the fundamental goal of a journal entry for a depreciation expense.
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one of the primary goals of financial management is for net worth to increase over time from strong business performance and effective investment decisions.
The primary goal of financial management is Wealth maximization.
Wealth Maximization is the capacity of an organization to expand the market worth of its not unexpected stock after some time. The market worth of the firm depends on many variables like their goodwill, deals, administrations, nature of items, and so on.
It is the flexible objective of the organization and strongly suggested basis for assessing the exhibition of a business association. This will assist the firm with expanding their portion on the lookout, achieve administration, and keep up with buyer fulfillment and numerous different advantages are likewise there.
The worth depends on two elements i.e. Pace of Earning per share and Capitalization Rate
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when a firm with market power produces less than the socially efficient level of output, there would be to society of producing one more unit.
A company with market power produces much less than the socially efficient level of output, there would be to society of producing one more unit: The boom or lower inside the total production cost if the output of one unit is extended is the marginal cost of manufacturing.
Market power refers to the capacity of a company (or organization of firms) to elevate and preserve a rate above the extent that would be triumphant under opposition and is referred to as market or monopoly energy. The workout of marketplace energy leads to reduced output and a lack of economic welfare.
In economics, market power refers to the potential of a firm to steer the rate at which it sells products or services by means of manipulating either the supply or demand of the services or products to grow monetary profit.
An instance of market power is Apple Inc. within the smartphone marketplace. although Apple cannot absolutely manage the market, its iPhone product has a big amount of market proportion and consumer loyalty, so it has the ability to have an effect on average pricing inside the smartphone marketplace.Monopoly/marketplace electricity. is wherein one vendor dominates the marketplace, can control fees & prevent new competition from entering the market? Externalities. correct or terrible aspect impact of manufacturing or intake which influences folks that aren't directly worried.
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beginning stockholders' equity was $138,040. ending stockholders' equity was $224,900. additional issuances of capital stock during the year amounted to $19,200. dividends during the year amounted to $12,600. how much was net income for the year?
Beginning stockholders' equity was $138,040. ending stockholders' equity was $224,900. additional issuances of capital stock during the year amounted to $19,200. dividends during the year amounted to $12,600.Net income for the year will be $80260
Net income = Dividends - Beginning equity - Shares issued + Ending equity
=12,600 - 138,040 - 19200+224900
=$80,260
Net income was thus $80,260.
The Retained Earnings account is such a line item which connects the Income Statement to the Balance Sheet. The Retained Earnings balance will always increase with the increase in income earned during the period and will always decrease for every dividend declaration made.
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ethical leadership approaches are concerned with the character of leaders, the duties they serve, the decisions they make, and the outcomes they produce.
Is it true, yes.
What exactly is moral leadership?
Two women are being taught on laptops by the leader at the boardroom's whiteboard.
"Leadership displaying and supporting normatively proper conduct via personal acts and interpersonal relations" is the definition of ethical leadership. When it comes down to it, this essentially implies that appointing individuals to management and leadership roles who will advocate for and serve as examples of proper, ethical behaviour in their actions and interactions at work is ethical leadership.
Today, ethics are a topic of discussion and rising importance in the business sector. Therefore, it is crucial to comprehend, cultivate, and recognize ethical leadership in the business sector.
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the of a business, agency, household, or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.
'Financial management of a business, agency, household or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.
Financial management is the business function concerned with profitability, expenditure, cash, and credit, and ensures that "an organization has the means to achieve its objectives as satisfactorily as possible." The latter is often defined as maximizing shareholder value.
Financial Management is the strategic planning, organization, management and management of financial companies in an organization or institution. It also includes applying management principles to the financial assets of the organization while playing a key role in tax administration.
Financial Management is defined as the management and analysis of money and investments for the purpose of making business decisions by individuals or organizations. An example of financial management is the work of a company's accounting department.
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the income statement for the month of february indicates a net income of $17,500. during the same period, $25,500 in cash dividends were paid.
The statement that the corporation is experiencing a $8000 net loss is untrue, because a portion of earnings go to dividend.
Dividends may be issued from both current year and prior year incomes (Retain earnings)
Therefore, it is inaccurate to state that the corporation is experiencing a $8000 net loss.
What is dividend?A corporation's payout of earnings to its shareholders is known as a dividend. A corporation is allowed to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus. Any remaining funds are seized and reinvested in the company (called retained earnings).
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department a has 1,000 square feet and department b has 2,000 square feet. assuming an allocation rate of $0.50 per square foot, a total of $ should be allocated to department b.
Department a has 1,000 square feet and department b has 2,000 square feet. assuming an allocation rate of $0.50 per square foot, a total of $ should be allocated to department b is $1000 .
It is calculated as follows:
Allocation rate = $0.50
Department A has square feet = 1000 square feet
Allocation to be done = $0.50*1000
= $500
Department B has square feet = 2000 square feet
Allocations to be done = $0.50*2000
= $1000
Allocation refers to the distribution of cost to the different entities or department.
Cost allocation is the study of cost management which helps in decision making. It helps to know the performance of the respective department and the profitability from that particular department. It helps in making comparisons also. It is time consuming process.
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classify each scenario according to whether the change in quantity is caused by a shift of the supply curve or movement along it. you are currently in a sorting module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. shift of the supply curve movement along the supply curve
The following would lead to a movement along Shift of Supply curve
Rising wages in Toronto result in movement in Toronto After Discovering that flash steaming tuna before using mechanical processes to extract meat removes more tuna flesh more cans of tuna arrive on the shelves at all major grocers Amplitude decides to join the smartphone mktThe following would lead to a Movement along Supply curve
A National Consumer product company produces less of its premium quality soap as a result of lower soap prices American sell their gold and silver jewelry as a result of rising prices
What is Supply curve?
On the majority of supply curves, as a good's price rises, so does the amount supplied.Supply curves may frequently predict whether a commodity's price will rise or fall in response to demand, and vice versa.For products with greater elastic supply, the supply curve is shallower (near to horizontal), whereas for products with less elastic supply, the supply curve is steeper (closer to vertical).The two main tenets of the law of supply and demand are the supply curve and the demand curve.The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.To know more about Supply curve visit:
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the diffusion of innovation theory states that adoption of any innovation happens all at once for all members of the targeted population.
The given statement is False that the diffusion of innovation theory states that adoption of any innovation happens all at once for all members of the targeted population.
What do you mean by diffusion?Th term diffusion is referring to as the process under which an innovation is transmitted through specific channels overtime among the members of a social system.
Adding to it, the main aim of the diffusion of innovation theory is to defines the price at which the customers will accept a new product or service in the market.
Furthermore, this theory is helpful to determine the exact rates as well as the targets or trends occur in the market and helpful for companies to know about the success rate of new launch products and services.
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