Which of the following is most likely to have an inelastic demand curve?

A. Automobile
B. Vacation
C. Nonelective surgery
D. Recreational vehicle
E. Computer


Answer: C

Business

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Plankton Inc. determines that it needs to train 200 employees on using a new software application. Jason, the training administrator, is investigating options to find the one that will meet the company's needs within the budget available. He determines that no one at Plankton knows enough about the software to provide the training. Which plan would be most likely to achieve training objectives at the lowest cost?

A. hiring external consultants to create training specially tailored to the company B. having Jason deliver the training, based on the content in the user manual C. passing out user manuals and hoping employees can learn enough on their own D. delaying the training program until the company has more money in the budget E. having employees participate in a general outside training course for the software

Business

Traditionally, price was never a major determinant of buyer choice

Indicate whether the statement is true or false

Business

Calculate the beginning balance of the Work-in-Process Inventory account.

The following information has been provided by New Age, Inc.:

A) $93,250
B) $60,200
C) $4750
D) $44,250

Business

Multicultural marketing refers to combinations of the marketing mix that reflect the unique attitudes, ancestry, communication preferences, and lifestyles of different ________.

A. genders B. races or ethnic groups C. generational cohorts D. nations E. religions

Business