Answer: I think he should try to satisfy customer needs with quality goods and services and should also utlize lean manufacturing.
Explanation:
Answer:
The predicted sales revenue for 2017=$501,334.008
Explanation:
If something reduces at a constant rate over a specified period of time, then it can be represented using an exponential function as follows;
y=a(1-r)^x, or y=ab^x
where;
y=final sales revenue after the reduction
a=initial sales revenue before the reduction
1-b=reduction factor
x=time interval
In our case;
y=$590,000
a=$780,000
1-r=b=unknown
x=2011-2000=12 years
replacing;
590,000=780,000.b^12
b^11=590,000/780,000=0.756
b=0.756^(1/12)
b=0.977
r=1-0.977=0.023
Determine predicted sales revenue;
y=ab^x
y=sales revenue in 2017
a=sales revenue in 2011=$590,000
b=0.977
x=7 years
replacing;
y=590,000(0.977)^7
y=$501,334.008
The predicted sales revenue for 2017=$501,334.008
Answer:
Declare the primary message. Then give supporting arguments and the conclude with a call to action.
Answer:
2009
Explanation:
During the 1990s and early 2000s, the overall sale of more efficient cars decreased due to more strict fuel efficiency regulations on trucks and SUVs that actually increased the total number off trucks and SUVs sold, decreasing the average fuel efficiency by 1 mile per gallon.
It wasn't until President Obama passed stricter fuel efficiency regulations for all types of passenger vehicles that the overall efficiency increased.
Answer: A. $250 million
Explanation:
The firm is a Monopoly and is lobbying Congress to remain that way. As a monopoly it makes $10 million a year and wants to remain a monopoly for the next 25 years.
Assuming there is no discount rate which means that the value of money stays the same over the 25 years, if they succeed in Congress, they have a chance to make a total profit of,
= 10 million * 25 years
= $250 million
If the maximum amount the firm can make if the lobbying is successful is $250 million, this is the maximum they will pay to lobby for a deterrence to entry. If they pay any amount more than $250 million, they will be making a loss and therefore it would make no sense to spend that amount of the lobbying.
