<u>Answer:</u> Upsell
<u>Explanation:</u>
Product enhancement means adding any additional features or functions to the existing products. The product managers keep adding these features to increase the market share of the product sold. It is also a marketing technique used by the companies to prove their products better than the competitors products.
By following product enhancement strategy the company tries to upsell the products. It protects the product from being out of the market and also increases the product's capability. The usability and performance of the product also increases.
Answer:
The correct option is informational report
Explanation:
Analytical report is business report that shows the quantitative as well as qualitative performance information with respect to a business being analysed, in order that management may reach conclusions so as evaluate business strategies.
Case study is more broader in that it portrays all the areas of the business, ranging from performance, strategy,analysis,competitive position,share of market segment,cultures,values,rituals and so on.
Above,my choice of answer is informed by the fact that informational report merely shows data or information without further analysis such as the monthly sales figures,without providing any detailed explanation
Answer: Write your own version by carefully changing three or four words from the original.
Explanation:
Answer:
Price Elasticity of Demand is -4
Explanation:
We can see the graph and easily calculate the Q1 which is 120 units at P1 $140 and Q2 which is 80 units at P2 $160 price.
The starting point formula for calculating price elasticity of demand is given as under:
Price Elasticity of Demand = (ΔQ / Q2) / (ΔP / P2)
Here
ΔQ = Q1 - Q2 = 120 - 80 = 40 units
ΔP = P1 - P2 = 140 - 160 = - $20
By putting value in the above equation, we have:
Price Elasticity of Demand = (40 Units / 80 Units) / (-$20 / $160)
Price Elasticity of Demand = -4
Answer:
Sales are budgeted at $260,000 for November
