Consumers' affinity for sports brands may be immune to threats other brands face, such as competition for attention and switching brands when performance does not meet expectations.True / False.

Answers

Answer 1

Answer:

Answer:

True

Explanation:

Consumers mainly sports persons natural liking for their favourite sports brand exists. Sports persons like to buy and wear their favourite brand of shoes, clothed and apparels.

These brands remained immune to threats from other the rival brands because they remain the favourite of the respective sports persons. In other words they remain safe.

The sport person like to wear these brands and perform in the competition. But when the performance does not meet the sports person's expectations, they try to switch brands and go for some other brands.

Thus the answer is True.

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Which best describes what a market index does?

A firm that uses ___________ segmentation divides a market into groups based on life stage, race, or profession. benefit demographic value target

Answers

A firm that uses demographic segmentation divides a market into groups based on life stage, race, or profession.

On December 31, Year 1, Gaskins Co. owed $4,500 in salaries to employees who had worked during December but would be paid in January. If the year-end adjustment is properly recorded on December 31, Year 1, what will be the effect of this accrual on the following items for Gaskins? Net Income Cash Flow from Operating Activities A. No effect No effect
B. Decrease No effect
C. Increase Decrease
D. No effect Decrease

Answers

Answer:

B. Decrease No effect

Explanation:

As for any financial year when there is any outstanding liability then that liability is increased, for current year.

Provided, salary for the month of December is to be paid in January next year.

Therefore on accrual basis the expense will be added to current year which will decrease net income of current year.

Now talking about cash flow, under direct method it will not be considered as no cash payment is involved and in case of indirect method,

net income will be considered where salary expense is deducted,

Further increase in outstanding liability of salary, is added to operating activity as increase in current liability is added to operating cash flows.

Correct option therefore, is

B. Decrease No effect

The corporate staff in the accounting department at ABC Corporation went on 12-hour days during the holiday season, just like the regular retail employees do during that season. This is an example of a(n) _________ change.AdaptiveRadically innovativeInnovativeProduct

Answers

If the corporate staff in the accounting department at ABC Corporation went on 12-hourdays during the holiday season, just like the regular retail employees do during that season, this would be an example of an adaptive change.

The price elasticity of demand measures the: A) responsiveness of quantity demanded to a change in quantity supplied. B) responsiveness of price to a change in quantity demanded. C) responsiveness of quantity demanded to a change in price. D) responsiveness of quantity demanded to a change in income.

Answers

Final answer:

The price elasticity of demand measures the responsiveness of quantity demanded to a change in price, indicating how much the quantity demanded changes when there is a change in the price of a product.

Explanation:

The correct answer is C) responsiveness of quantity demanded to a change in price. The price elasticity of demand measures how responsive the quantity demanded of a good or service is to a change in its price. It helps us understand how much the quantity demanded changes when there is a change in the price of a product. For example, if the price of a luxury car increases by 10% and the quantity demanded decreases by 20%, the price elasticity of demand would be 2, indicating that the demand is elastic.

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Final answer:

Price elasticity of demand measures how a change in price affects the quantity of a commodity demanded, i.e., it gauges the responsiveness of quantity demanded to price changes. The answer is C) responsiveness of quantity demanded to a change in price. Elasticity can be elastic, inelastic, or unitary.

Explanation:

The price elasticity of demand measures the responsiveness of the quantity demanded to a change in price. Specifically, it is the ratio between the percentage change in the quantity demanded (Qd) and the corresponding percent change in price. This concept is used to understand how sensitive the demand for a good is to a change in its price. Hence, the correct answer is C) responsiveness of quantity demanded to a change in price. An elastic demand indicates that quantity demanded is significantly affected by price changes while an inelastic demand indicates a lesser effect. The concept of unitary elasticity notes an equal percentage change in quantity demanded to the change in price.

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Total internal reflection occurs when the angle of incidencea. exceeds the critical angle.
b. equals the angle of reflection.
c. is less than the critical angle.
d. is zero.

Answers

Total internal reflection occurs when the angle of incidence when it exceeds the critical angle. When waves reaches the boundary of the different materials or when it exceeds that the time when total internal reflection occurs. It says that the larger the angle the smaller the fraction of light transmitted.

Langston will pay $575 to three different credit cards: Expert Card, Passport, and US Speedy. She will pay three times as much to Expert Card as US Speedy since it has a higher balance. She also expects the Passport payment to be only 15% of the total of the other two payments. How much will Langston pay towards the Passport credit card balance?

Answers

Answer:

$75

Explanation:

Let, the payment made towards US Speedy credit card be 'U'

Therefore,

According to the question:

Payment made towards Express credit card, E = 3U

Total for the two cards = U + E

= U + 3U

= 4U

also,

Payment made towards passport credit card = 15% of 4U

= 0.15 × 4U

= 0.6U

Given: Total payment made = $575

Therefore,

E + U + 0.6 U = $575

3U + U + 0.6U = $575

4.6U = $575

U = $125

Hence,

Payment made towards passport credit card = 0.6U

= 0.6 × $125

= $75

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