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cluponka [151]
3 years ago
8

Suppose your elasticity of demand for your parking lot spaces is –2, and price is $8 per day. if your mc is zero, and your capac

ity is 80% full at 9
a.m. over the last month, are you optimizing?
Business
1 answer:
marshall27 [118]3 years ago
7 0
The answer to the question above is "no, the business is not optimizing" according to the information shown on the question above. In this situation, we have the greater marginal revenue (4=8*(1-1/2)) than the marginal cost (0)and the business is not in its full capacity. The parking lot business can increase its marginal cost to achieve its full capacity to gain more profit.
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During the introductory stage of the product life cycle__________.a) The company yields very high profits.b) There is significan
Artyom0805 [142]

Answer:

Letter c is correct. <u><em>The company is trying to recoup its marketing expenditures, such as promotions, research and development.</em></u>

Explanation:

The introductory phase of the product cycle is characterized by the insertion of the final product in the market.

In this phase the company focuses its efforts on the implementation of a marketing strategy such as promotions and advertisements that help reach the target audience. As it is a new product in the market, it is not common to have many competitors, but in return the profitability is also low, being common at this stage even financial losses.

Therefore, it is ideal to focus on customer-driven marketing so that the company begins to make profits.

7 0
3 years ago
_____ is best described as an integrative management field that combines analysis, formulation, and implementation in the quest
Orlov [11]

Answer:

Strategic management

Explanation:

Definition:

Strategic management is the identification, selection and implementation of an organisations long term goal and its objectives. It takes into account the concerns and existence of all stakeholders.

Three components of strategic management:

  1. Strategic Analysis - takes into account factors affecting the internal and the external environment of the business.
  2. Strategic Choice - involves the formulation, evaluation and selection of strategic options.
  3. Strategic implementation - involves implementing and monitoring the strategies selected by the business.
8 0
3 years ago
Mary is purchasing a home for 145000 she is in the process of selling her present home for 85000 what will her down payment equa
weqwewe [10]
<span>58000 The key to this problem is ignoring information that doesn't apply to the problem. We're looking for 40% of the purchase price for Mary's new home. We don't care about how much she's selling the old home for. So we just need to calculate 40% of 145000, so 40% * 145000 = 0.40 * 145000 = 58000 So the 40% down payment on her new 145000 house is 58000</span>
5 0
3 years ago
On September 1, 2003, Time Magazine sold 600 one-year subscriptions for $81 each. The total amount received was credited to Unea
Alina [70]

Answer:

Total subscriptions revenue for the period= 4 months (September 1 - December 31)  

= (600 * $81) * 4/12

= $48,600 * 4/12

= $16,200

Hence adjusting entry would be:

Deferred subscriptions revenue a/c Dr $16,200

To Subscriptions revenue Cr $16,200

7 0
3 years ago
What do you understand by forester?​
FromTheMoon [43]
That he will forever stay by the position
6 0
2 years ago
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