Jeremy may want to sit down with his marketing team or hirer a team devoted to promotions and advertisement. You can only be successful if people know you exist and when they don't, making sales is almost obsolete. To keep your business running, making sure the marketing team is doing their job to keep consumers coming back and your product/service relevant is a must.
Answer:
A.grow through innovation
self-organization versus hierarchical organization — a mathematical investigation of the anarchist philosophy of social organization
In combining anarchist theory with mathematics, this thesis wishes to better understand what power and hierarchy are in order to explore how we can live without coercion.
The process by which individuals organise their social relationships to bring about global order through their interactions with one another rather than through external intervention or teaching is referred to as self-organization. The nervous system exhibits many self-organizational characteristics since it is a very complex and dynamic system with several pieces interacting with one another. In this chapter, we will talk about three different types of brain self-organization: self-organization during development, self-organization as a result of experience, and self-organization as a result of damage. The development of the nervous system is affected by self-organization. Since it is difficult to explain how the nervous system, which is highly structured and complicated, can develop from a single fertilised egg, this is a crucial issue in our knowledge of the neurological system.
Learn more about self-organization here
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Answer:
A. That's the point where total revenue is maximized
Explanation:
Demand Curve is a downward sloping curve representing inverse relationship between price & quantity demanded.
Elasticity of Demand is the responsiveness of quantity demanded to price change. It can be measured geometrically on a demand curve point by :
Demand curve segment below the point / Demand curve segment above the point.
This way the elasticity keeps on decreasing as we move downwards on the demand curve [Ed=∞ to Ed >1 to Ed = 1 to Ed < 1 to Ed = 0] i.e [from perfectly elastic to elastic to unitary elastic to inelastic to perfectly inelastic demand].
If Demand is Elastic [Ed >1] : There is negative relationship between price and Total Revenue. This point is on the upper segment of demand curve as per geometric method, P- TR negative relationship implies that TR can be increased by decreasing Price.
If Demand is Inelastic [Ed <1] : There is positive relationship between price &total revenue. This point is on the lower segment of demand curve as per geometric method, P-TR positive relationship implies that TR can be increased by increasing price.
So: The best Total Revenue Maximising point is on the middle of demand curve where demand is unitary elastic [Ed=1] - as any other deviation from this point would create an incentive to change price to generate higher revenue.
