iytaneaioR and Introduction/growth, respectively e) Growth and Decline, respecti
ID: 344657 • Letter: I
Question
iytaneaioR and Introduction/growth, respectively e) Growth and Decline, respectively 50. Movement from Unit Production to the Batch/Assembly/Process Production is typically associated with: a) Increase in efficiency, increase in capital intensity, and decrease in b) I flexibility ncrease in efficiency, increase in labor intensity, and decrease in flexibility e) Increase in efficiency, decrease in labor intensity, and increase in flexibility Increase in efficiency, no change in either labor intensity or flexibility Generic Advertising" (ex, Got Milk?) will be occurring in markets where brand demand is: a) Price Elastic b) Price Inelastic c) Half and Half d) Income elastic e) None of the above 51 52. Monopoly of the market or the mind, by definition, implies a brand demand that is: a) Price Elastic b) Price Inelastic c) Half and Half d) Income elastic e) None of the above 53. Degree of Operating Leverage is said to be a specific type of Elasticity. associate with the relative It measures relative change in, change in a) b) SALES:: EBIT FIXED COST:: EBITExplanation / Answer
50) Unit or Job production requires elected employee with right skill working on a unit at a single time and moving from unit to batch/assembly/process production inceases the effeciency of machine however the flexibity in type of product is decreased as it will produce a standard product each time. Aslo for batch production more machine or capital is required as compare to unit production which is more labour intenesive.
Answe - A
51) Generic Advertising refers to promotion of particular commodity without reference to particular brand or producer. And commodity goods are essential to human consumption and hence price inelastic i.e change in price will be have little impact on quantity demand .
Answer B)
52) In Monopoly of market, any change in price will have no impact on quantity demand for goods.So brand demand is pure price inelastic. Answer B)
53) Degree of Operating Leverage (DOL) = %Change in EBIT/ % change in Sales
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