answersLogoWhite

0


Best Answer

It tells the business owner what their demands will be.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why would understanding elasticity benefit a small business owner?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

A benefit of monopoly for the business owner is?

government funding


What does profit?

Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.


Who would benefit from taking a strategic management class?

Many kinds of people can benefit from a strategic management class. For example, a business owner can benefit greatly. Managers and organization officers will also benefit.


What type of business owner would benefit from microfinancing?

Small business owners are the ones who benefit from microfinancing, particularly those operating a business from their homes and are in need of very small, or micro, amounts of capital to invest. Microfinancing has proven effective in many countries in the developing world.


Should people take advantage of owner financing in today's economy?

For people who wish, for instance, to purchase a new business then "owner financing" can be of benefit. It is difficult to get finance packages from banks at present. Therefore agreeing with the seller to negotiate a finance package directly with them can benefit both you as the buyer, and allow the seller to keep some control of the business.


What do you call a woman who is the owner of a business?

a business owner


How does sales tracking software benefit the small business owner?

Sales tracking software can benefit the small business owner by providing a more efficient, cost effective and time saving way of sales data. Tracking manually leaves one open to mistakes and missing important date. The software removes such hassle and allows one to analyze sales trends.


What is a name for a business owner?

Another name for a small business owner is "proprietor." In the US, if the owner is doing business as an LLC, he is a "member."


Why is owner of a business is interested in the activity of a business?

The activity of the business is what generates money for the business and the owner will want to maximize income.


Which make more money an WWE wrestler or a business owner?

Business owner


What is another name for a small business owner?

Another name for a small business owner is "proprietor." In the US, if the owner is doing business as an LLC, he is a "member."


How does a business owner and fear of business owners goes pari-passu?

Yes the business owner and fear of business owener goes on