Answer: A. A Private Brand
Explanation:
In Private Branding, a company manufactures goods for another company to sell under their own brand. Such goods are usually known to be cheaper than their branded equivalents.
Examples include grocery store goods that bear the name of the grocery store selling them.
Use of exercise and anger management
Answer:
PED = 5.49
Explanation:
current price = $0.99 per ticket
average daily tickets sold = 433
average daily revenue = $428.67
if the company increases the price to $1.10, then average daily tickets will be only 169. Average daily revenue will drop to $185.90
price elasticity of demand (PED) = % change in quantity demanded / % change in price
PED = [(169 - 433)/433] / [(1.1 - 0.99)/0.99] = -0.6097 / 0.1111 = -5.49 or |5.49| in absolute terms
the price of tickets is very elastic, meaning that a 1% change in price will result in a much higher proportional change in quantity demanded
Answer:
The company can make 13 trick skis and 6 slalome skis
Explanation:
For trick skis:
8 hours design
4 hours finishing
For Slalom skis:
8 hours design
12 hours finishing
Total number for design = 160
Total number for finishing= 180
Therefore we have:
8x + 8y = 160
4x + 12y = 180
Let's solve with substitution method
8x + 8y = 160........*1
4x + 12y = 180........*2
We now have:
8x + 8y = 160
8x + 24y = 360
= -32y = -200

y = 6.25
Let's substitute 6.25 for y in equation 1.
8x + 8(6.25) = 160
= 8x = 160 - 50

x = 13.75
x = 13.75 and y = 6.25
The company can make a 13 trick skis and 6 slalom skis.