Answer: Export promotion
Explanation: Economic policies made by the government in other to encourage the sale and marketing of it's product or derivative of the nation's natural resources beyond the local market, allowing foreign or international trading of goods produced locally. With export promotion, commodity export which often involves selling raw materials as is, developing countries can take advantage of the several derivatives of a certain raw material before preparing for export which will boost revenue and also ensure that the local market get more in return. Export promotion strategies has allowed local industries sit up and rise to the challenge and compete with foreign rivals in the processing, production and manufacturing of goods.
Answer:
Net dollar sales projection for this year = 516,971.00
Explanation:
<em>Projected sales volume </em>
130%× 4,600= 5,980units
<em>Project selling price</em>
=140% × $65
= $91
<em>Total sales value </em>
= $91 × 5980units
= $ 544,180.00
<em>Net dollar sales projection</em>
= Total sales value - Returned merchandise
= 544,180.00 - (5% × 544,180.00 )
= $ 516,971.00
Net dollar sales projection for this year = 516,971.00
Answer: more elastic in their demand for tickets
Explanation:
Third-degree price discrimination is used by company when different price is being charged to a particular group of consumers.
Based on the scenario in the question, the owner of the concert hall should price tickets lower for customers who are more elastic in their demand for tickets.
Elastic demand simply means that a little change in the price of the concert hall will lead to a higher change in the quantity demanded. In this case, when the price increases, such people will buy little tickets. Therefore, the prices should be set lower for these set of people as there will be a huge increase in demand when the price is lower.
Based on the time it takes Leo when he uses two machines, the length of time it will take if the large copier is broken is <u>75 minutes. </u>
<h3>How long will it take if the large copier is broken?</h3><h3 />
This can be found by the formula:
= 1 / ( (1 / time taken with both copiers) - (1 / time taken with large copier) )
Solving gives:
= 1 / ( ( 1 / 30) - (1 / 50))
= 1 / (1 / 75)
= 75 minutes
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