The what-if analysis tool would be the most adequate choice for intricate calculations that need contrived optimization:
b). Scenario manager
- 'What-if analysis tool' is described as the tools that are employed to alter the values present in the cells.
- It is done to observe the effect of changing the values impact the results produced by the used formula.
- The what-if analysis tools have been categorized into three distinct types:
- a). Scenarios.
- b). Goal Seek.
- c). Data Tables.
- As per the question, in order to opt for complex calculations, 'Scenarios' what-if analysis would be most adequate as they examine a number of variables and set of numbers/values that affect the outcome.
Thus, <u>option b</u> is the correct answer.
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Answer:
C) By lowering the price of the flower arrangements to increase demand.
Explanation:
According to the law of demand, the lower the prices, the higher the quantity demanded and the higher the price ,the lower the quantity demanded.
When prices are reduced, demand increases, revenue increases and net profit increases.
I hope my answer helps you.
