Group buying platform is also known as collective buying and is when the prices of goods and services are significantly reduced on the condition that a minimum number of buyers make purchase.
Usually there is a deal of the day displayed that is activated when the minimum number of buyers has been reached.
In this scenario Buyline has a promotional offer where buyers get a 60 percent discount on refrigerators if a minimum of 100 buyers agree to buy the product within 24 hours of the offer being announced.
Air miles, which is also called as frequent flyer miles or travel points, are a piece of a faithfulness program offered via carriers or credit cards. Normally, you can use a set measure of miles in view of how far you fly or the amount you spend on your Mastercard. You would then be able to utilize these miles to purchase tickets.
The correct answer is B) The demand for Tasty Treat Tea is elastic.
An elastic demand is that demand that is sensitive to a change in price. In this way, a small variation in the price causes a more than proportional change in the quantity demanded. Thus, for example, if the price increases by 10% and in response the quantity demanded is reduced by more than 10%, then the demand is said to be elastic.
There are several factors that determine the elasticity of demand at a given time. Here are some factors that make demand tend to be more elastic:
Goods with more and better substitutes have a more elastic demand than goods that lack substitutes
In the long term the demands are more elastic than in the short term
The goods in which the consumer spends an important part of his budget usually have a more elastic demand than those in which the portion of the expenditure is insignificant
The correct answer to this open question is the following.
We can help you with the four cases of financial misconduct.
So the four types of ethical misconduct in financial transactions are
1.- Fraudulent Financial Reporting. This is when the top company management lies about financial statements. These companies cheat on the investors of the company for a particular agenda. It also can be the case when top management tries to keep the share price of the corporation.
2.- Stealing, today technically called Missaprpriation of Assets. In this case, employees use the company's assets for personal reasons. The employee even can steal money from the company's accounts.
3.- Bribering. A member of the company bribes a government official in order to have influence in some regulations.
4.- Disclosure. A member of the company discloses important information considered private or "Top Secret," trying to create a personal advantage or for a competitor.