Answer:
6,704 units
Explanation:
The computation of the number of units sold is shown below:
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $90 per unit - $36 per unit
= $54 per unit
So, the number of units sold is
= ($162,000 + $200,000) ÷ ($54 per unit)
= 6,704 units
This is an example of COMPETITION element of the immediate environment.
In marketing, there are three elements of consumers' immediate environment, these are: company, competition and corporate partners. These three elements works together and directly determine the performance of a company in a particular place. In the scenario given in the question, Wendy decided to offer the 99 cent value menu purposely to attract more consumers than its competitors.
1 MONTH (SO far) $125.26 + $987.25 - ( rate: 1x $15.00) - $43.22 - $57.26 + $100.00
= C :
$1097.03
Answer is A
Answer:
This is false. buying a franchise is expensive, as it involves buying the rights of a business from the business owners, who are commonly referred to as ''franchisiors".
Explanation:
Ravi would not be able to run the franchise business the way he wants as the Franchisiors determines the business model and procedures. Hence, he would have a limited control on the business. Thus, I would advise Ravi to avoid going into a Franchise business, if his motive is to be his own boss and have control on his business.
Answer:
The correct answer is decrease in equilibrium price and a decrease in equilibrium quantity.
Explanation:
The supply being constant, a decrease in demand will cause the demand curve to shift to the left while the supply curve will remain the same.
The new demand curve will intersect the supply curve at a lower point. This rightward shift in the demand curve will cause both the equilibrium quantity as well as the equilibrium price to fall.
