1 Chess is generally reckoned to be primarily a tactical game, whereas Go has more of a balance of strategy and tactics.  Initiative - In both games having the initiative can give one control of the course of the game (for a while, at least).
1 Income effect-Inventory and cost of goods sold are interdependent. 2  As a result, if LIFO method is used in a rising-price and increasing-inventory environment, more of the higher-cost goods (last ones in) will be accounted for in COGS as opposed to FIFO.IFO will use the cost of the old stock to determine the COGS, making the profitability ratio less reflective of the current economic reality. As a general rule, in a rising-price and stable-or increasing-inventory environment,using profitability measures based on LIFO is better.
Price elasticity of demand and total revenue are closely interrelated because they deal with the same two variables, P and Q. If your product has elastic demand, you can increase your revenue by decreasing the price of that good. P will decrease, but Q will increase at a greater rate, thus increasing total revenue.