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3 years ago

David has a few options regarding Sedona Stout pricing:

Business

2 answers:

Elina [12.6K]3 years ago

6 0

Answer:

I would suggest he decrease the sales price.

Explanation:

Because it will might make people rush the product due to its low price compared to other products of another brand.

The low price will create a high demand for the product therefore causing the quantity of the products being produced to increase.

The quality of the product will be very good since the quality is not being reduced only the price therefore it might result in not having the maximum profit needed.

kozerog [31]3 years ago

6 0

Answer:

I will recommend DECREASE IN SALES PRICE(Option c) in other to increase the demand for Sedona Stout.

With this price decrement, price elasticity will be applicable.

Also, the demand law states that the higher the price, the lower the demand and vice versa.

Explanation:

Increased prices typically result in lower demand, and demand increases generally lead to increased supply. However, the supply of different products responds to demand differently, with some products' demand being less sensitive to prices than others. Economists describe this sensitivity as price elasticity of demand; products with pricing sensitive to demand are said to be price elastic. Inelastic pricing indicates a weak price influence on demand. The law of demand still applies, but pricing is less forceful and therefore has a weaker impact on supply.

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A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company.

djyliett [7]

Answer:

The answer is $35500

Explanation:

We need to collect $710 from the sales of the customers referred by us to cover the franchise fee. But we only make 2% of whatever they spend. If we equate 710 to 2% and solve for 100% we will know what is the total dollar amount they need to spend:

1. This can be solved using a rule of three:

2% = $710

100% = ?

100 * 710 / 2 = 35500

2. Or, It can also be solved writing it down as an equation and knowing that 2% also means 2 parts of 100 or 2/100 = .02

710 = .02*Sales

Solve for Sales:

Sales = 710/.02 = 35500

There is no need to round to the nearest whole dollar because the result is already in whole dollars, it does not have any cents.

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3 years ago

Firms that strive for mindshare think not about the speed of an individual products development and launch, but rather about cre

Pie

Answer:

A) True

Explanation:

4 0

3 years ago

Read 2 more answers

When ________, business firms will collectively supply a lower quantity of output at any given price, and the supply curve will

Ganezh [65]

When <u>cost of production increase </u> business firms will supply lower quantity of output

<h3>Effect of production cost on prices </h3>

When the cost of production increases, producers will tend to produce a lesser quantity of goods and services and this is cause an increase in demand over supply in the open market.,

An increase in demand without a corresponding increase in supply will cause the supply curve to shift to the left.

Hence we can conclude that When <u>cost of production increase </u> business firms will supply lower quantity of output

Learn more about shift in supply curve : brainly.com/question/23364227

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7 0

1 year ago

Your assistant wants to use secondary data exclusively for the current research project. You advise him that the use of secondar

Juli2301 [7.4K]

Answer:

The correct option is C

Explanation:

Secondary data is the kind of data, where the data or the information is collected through or using someone other than the user. And the sources of the secondary data are or involve information as well as censuses collected through organizational records, departments of government and data or information which originally collected from other research purposes.

This data has potential problems which is that it might not be so relevant, the data is not current or updated and also might not be impartial.

6 0

3 years ago

In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T

Juli2301 [7.4K]

Answer:

Explanation:

2021 2022 2023

Bills during the year 2,180,000 2,644,000 5,176,000

Cost incurred in the year 2,016,000 2,808,000 2,613,600

Cumulative cost to date 2,016,000 4,824,000 7,437,000

Estimated cost to complete 5,184,000 2,376,000 0

Estimated total cost 7,200,000 7,200,000 7,437,000

percentage completion

2,016,000/7,200,000*100 =28%

4,824,000/7,200,000*100 = 67%

7,437,000/7,437,000 *100=100%

Percentage Completion 28 67 100

Contract price 10,000,000

Less cumulative cost (7,437,000)

Gross profit 2,563,000

Contract value 2021 10,000,000* 28 % =2,800,000

2022 10,000,000* 67% = 6,700,000

2023 10,000,000*1005 = 10,000,000

Contract value 2,800,000 6,700,000 10,000,000

less revenue recognized 2,800,000 6,700,000

2,800,000 3,900,00 3,300,000

less cost incurred in the year 2,016,000 2,808,000 2,613,000

Profit recognized 784,000 1,092,000 687,000

8 0

2 years ago