Rodi owns Hallman's auto repair service. He has observed over the years that customers keep their high-mileage cars longer when the economy is doing poorly, creating demand for his maintenance and repair service. Rodi has observed the impact of ________ on demand for his service.
A. the target return effect
B. cross-price elasticity
C. the price inelasticity ratio
D. break-even points
E. the income effect
Answer: E
You might also like to view...
According to Hofstede's research on cultural values, masculinity dimension describes a society in which social roles of men and women overlap
Indicate whether the statement is true or false
Complete the following by filling in the blanks: (1) The Prepaid Insurance account had a $545 debit balance at the beginning of the current year; $650 of insurance premiums were paid during the year; and the year-end balance sheet showed $420 of prepaid insurance; consequently, the income statement for the year must have shown $________ of insurance expense.(2) The Office Supplies account began the current year with a $235 debit balance; the income statement for the year showed $475 of office supplies expense; and the year-end balance sheet showed the current asset, office supplies, at $275; consequently, if all supplies were accounted for, $________ of office supplies must have been purchased during the year.
What will be an ideal response?
______ competition is labor supply versus demand for labor.
A. Compensation B. Performance C. Training D. Labor market
Johan crafts a descriptive ad and receives hundreds of resumes in response. He reads through them and chooses the 20 best candidates. To further screen candidates, he invites those 20 to take a test that profiles their skills
What is the best advice to give Johan about testing? A) Rely solely on predictive assessment instruments which are more reliable than quantitative interviews. B) Conduct testing online to ensure that candidates possess the technical skills needed for the position. C) Use test scores to predict a candidate's verbal and nonverbal communication skills which are necessary in sales. D) Provide candidates with multiple tests to ensure that results are both valid and reliable predictors of sales success. E) Use test results in conjunction with information obtained from the personal interview and reference checks.