In placing a tire order with Michelin, North Side Industrial Supply finds that the truck tires it is ordering have increased $37.50 in price since the last order. North Side proceeds with the order, confident that it can pass on the price increase to future customers. This is an example of business products having ____ demand.
A. derived
B. inelastic
C. joint
D. fluctuating
E. higher
Answer: B
You might also like to view...
The Uniform Partnership Act states that a "corporation is an association of two or more persons who carry on, as co-owners, a business for profit."
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT an accurate description of modern marketing?
A) Marketing is the creation of value for customers. B) Marketing involves managing profitable customer relationships. C) Marketing emphasizes selling and advertising exclusively. D) Marketing involves satisfying customers' needs. E) Marketing is building value-laden exchange relationships with customers.
Describe the various types of form letters
What will be an ideal response?
The financial statements for Stephens' Electric Company include the following items
2017 2016 Cash $55,000 $51,000 Cash Equivalents 23,500 20,000 Net Accounts Receivable 30,000 26,000 Merchandise Inventory 81,000 65,000 Total Assets 530,000 548,000 Accounts Payable44,500 35,000 Salaries Payable 24,000 20,000 Long-term Note Payable 61,000 57,000 Income From Operations 124,500 115,000 Interest Expense 28,000 33,000 Compute the 2016 cash ratio. (Round your answer to two decimal places.) A) 1.29 B) 1.15 C) 2.03 D) 0.63