Answer:
maximum income is $900
Explanation:
given data
oil change = $20
per day = 40 customer
increase = $ 2
dailer customers = 2
owner charge = $ 2
to find out
income from the business
solution
we know current income is 40 × 20
current income = $800
we consider here price increase x and income as function y
so y = (20 +2x) × ( 40 - 2x) ........1
y = −4x² + 40x + 800
take derivative and put dy/dx = 0 for maximum
dy/dx = -8x + 40
0 = -8x + 40
x=5
so here from 1
y = (20 +2x) × ( 40 - 2x)
y = (20 +2(5)) × ( 40 - 2(5))
y = 30 × 30
y = 900
so maximum income is $900
Answer:
A) product modification
Explanation:
Procter & Gamble modified Tide Basic's quality (lowered the quality) in order to lower costs and offer it at a lower price.
Product modifications are usually made by companies that try to extend the product cycle of aging products, or in this case extend its product line. Product modifications usually involve small changes to existing products, e.g. different packaging sizes, new flavors, etc. Companies do this in an attempt to extend the product's popularity.
Answer:
Differentiation strategy
Explanation:
This question defines the differentiation strategy. It is an approach which businesses develop whereby they provide their customers with unique and different goods and services than what other competing firms may have to offer in the market. The main goal is to have an advantage increase in the market compared to others.
Asset turnover rate = 1.13,
equity multiplier = 1.46
profit margin = 5.28 %
retention ratio =.74
total assets = $138,000.
sustainable growth rate = [(profit margin x asset turnover rate x equity
multiplier ) x retention ratio] / [1 - (profit margin x asset turnover rate x equity
multiplier ) x retention ratio)}
=[(0,0528 x 1.13 x 1.46) x 0.74] / [(1 - (0,0528 x 1.13 x 1.46)) x 0.74]
= 0.0644 / 0.9355 = 0.0688 = 6.88 prcent.
