Why is the demand in business-to-business markets mostly inelastic?
What will be an ideal response?
The demand in business-to-business markets is mostly inelastic because what is being sold is often just one of the many parts or materials that go into producing the consumer product. It is not unusual for a large increase in a business product's price to have little effect on the final consumer product's price.
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Roy is power oriented. He does not tolerate people on his negotiating team who do not go along with his ideas. Roy's resolves conflict in the ________ mode.
A. accommodating B. avoiding C. collaborating D. compromising E. competing
If a corporation has a net loss, Income Summary is debited and Retained Earnings is credited
Indicate whether the statement is true or false
Elias Motta is the office manager and payroll clerk for his company, which is composed of 12 employees. An employee, Sylvia Gladwin, stops by Elias's office and wants to view her payroll record. What privacy regulations must Elias consider before granting her co-worker access?
What will be an ideal response?
Normally closing entries are first entered in the general journal and then posted to the work sheet.
Answer the following statement true (T) or false (F)