Name Brand Apparel Have Many Substitutes and Can Get Very

question 155

Multiple Choice

Name brand apparel have many substitutes and can get very expensive, as a result their demand is likely to be

• A)elastic.
• B)perfectly elastic.
• C)inelastic.
• D)unit elastic.

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Definitions:

Operating Expenses

Expenses incurred during regular business operations, such as rent, utilities, and salaries, but excluding cost of goods sold.

Cash Payments

Outflow of cash as a result of transactions, such as paying expenses, purchasing assets, or repaying debt.

Free Cash Flow

The amount of cash generated by a company’s operations after accounting for capital expenditures, available for dividends, debt repayment, or reinvestment.

Property, Plant, Equipment

Long-term tangible assets owned by a business, used in its operations and not intended for resale, such as buildings, machinery, and vehicles.