<u>A. By conducting a focus group before launching the product</u>
Pricing in the business world is very delicate. People will always tend to go for the cheapest product if they aren't loyal to a specific brand. So, when you are starting a business, it is extremely important to focus on pricing. Your prices have to be low enough for people to buy them, but high enough to break even and make a profit.
A focus group would have assisted Kalim in finding the best price for his product. By conducting this, the group would have told him exactly what they would pay for something like his product. However, the damage done is not permanent. He should now lower the prices or conduct a focus group to find out the best price for his food.
Answer:
The answer is: A) Quantity demanded will decrease; total revenue will rise.
Explanation:
Gasoline has an inelastic demand (price elasticity of demand ≤ 1). It means that if the price of gasoline increases 10%, consumers will only decrease the amount of gasoline they buy by 4%. So even if the quantity demanded of gasoline decreases a little, the total revenue will increase.
Answer:
Letter a is correct. <u>Developing the project charter.</u>
Explanation:
In this question, the stage of development of the project charter is described, which can be defined as a document responsible for formalizing the beginning of the project, that is, through it there is authorization for a project to have approval for the processes are open to the development of a project that meets any marketing opportunity or the company's needs.
The project charter will be part of the entire life cycle of a given project.
Statistics
Exports $318 billion (2014 est.)
Export goods Electronics, flat panels, ships, petrochemicals, machinery; metals; textiles, plastics and chemicals (2014)
Main export partners China 27.1% Hong Kong 13.2% United States 10.3% Japan 6.4% Singapore 4.4% (2012 est.)
Imports $277.5 billion (2014 est.)
Answer:
FV = $25553.9544064 rounded off to $25553.95
Explanation:
The future value of a cashflow or amount can be calculated using the following formula,
FV = PV * (1+r)^t
Where,
- FV represents future value
- PV represents Present value
- r is the rate of return or interest
- t is the time period
We know the values for PV, r and t. Plugging in these values in the formula above, we can calculate the future value to be,
FV = 14500 * (1+0.12)^5
FV = $25553.9544064 rounded off to $25553.95
