Which one of the following basic patterns of demand is difficult to predict because it is affected by national or international events or because of a lack of demand history reflecting the stages of demand from product development to decline?
A) horizontal
B) seasonal
C) random
D) cyclical
D
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Which of the following is true regarding price elasticity?
A) The higher the elasticity, the lesser is the volume growth resulting from a 1 percent price reduction. B) Within the price indifference band, price changes have little or no effect on demand. C) If demand is elastic, sellers will consider increasing the price. D) Price elasticity does not depend on magnitude and direction of the contemplated price change. E) When demand is inelastic, sellers should lower prices in order to increase total revenue.
Which of the following is not one of the three aspects of the selection criteria identified by Lewis (1985) that are essential to credible decision-making:
a. individual job criteria b. functional/departmental criteria c. team criteria d. organisational criteria
Discuss whether each of the following would be fixtures or personal property. a. Sign on store premises (purchased by tenant) b. Wallpaper in a store (installed by tenant) c. Microwave ovens in a restaurant
IP is an "unreliable" and "connectionless" protocol because it is bad or weak
Indicate whether the statement is true or false