Answer:
correct answer A. 415
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<em>Multiples choices for the question : a. 415 b. 300. c. 290 d. 335</em>
Explanation:
The law of demand explains the relationship between the price of a product and the quantity demanded. According to the law, there is an indirect relationship between quantity demanded and price. Should the price increase or decrease, the quantity demanded moves in the opposite direction.
If Miriam reduces the price of headbands, their demand should increase. A low price results in increased demand while a high price reduces demand. From the choices available, option A is higher than the current sales of 335. The reduced price will increase demand, pushing the sales higher.
When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in "standard test marketing".
<h3>
What is standard test marketing?</h3>
A type of test market where the business chooses a limited number of sample cities to test the entire marketing mix before launching a new product.
There are various ways to test marketing-
- Executing a regional product launch before a full launch.
- Working with a small group of customers who may directly provide product feedback.
- Implementing a focused direct marketing campaign to assess advertising methods.
To know more about the marketing objective, here
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Answer:
a) The volume of output at which both the locations have the same profit is 140
Explanation:
We are looking for the quantity produced that give us the same profit.
First we have to get the equation of profit in both location.
Profit function
P(x) =Revenue- Total cost P(x) =(Px * Q)-(FC + vc*Q)
Where
FC=Fixed cost
vc=unitary variable cos
Q=produce quantity
Px=Price
Q=produce quantity
<u>Bonham Profit</u>
P(x) =(Px * Q)-(FC + vc*Q)
P(x) =(29000 * Q)-(820000 + 13000*Q)
<u>McKinney Profit</u>
P(x) =(29000 * Q)-(960000 + 12000*Q)
To find the Q where both profit are equal
(29000 * Q)-(820000 + 13000*Q)=(29000 * Q)-(960000 + 12000*Q)
29000 * Q-820000 -13000*Q=29000 * Q-960000 - 12000*Q
We put all the numbers multiple by Q in the same term
29000 * Q-29000* Q -13000*Q - 12000*Q=820000 -960000
-1000*Q=-140000
Q=140
If you're operating as a limited partnership, the general partner has unlimited liability for company losses and debts, while a limited partner has limited liability protection against company debts and losses. ... In an LLP, all partners have limited liability protection against company obligations and debts.
