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Sholpan [36]
4 years ago
12

Suppose the price of a ticket to a lenny kravitz concert is $41 and at that price, the quantity of tickets demanded is 17,000 pe

r concert. if mr. kravitz raises the price to $48 and the quantity demanded decreases to 16,000, the price elasticity of demand for his concert tickets is
Business
1 answer:
ella [17]4 years ago
5 0

Answer:

the cost is 60039 dollars

Explanation:

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Which decision-making model would you use when your goals are unclear, there is time pressure, and you have experience with the
vaieri [72.5K]

Answer:

Intuition Decision Making model.

Explanation:

Intuition Decision Making model can be described as the process by which knowledge acquired through associated learning and stored in long-term memory is accessed unconsciously to form the basis of a judgment or decision.

When speed is essential to a successful outcome, intuition decision making model should be used because there will not be need for analytics, facts, and a step-by-step process to come to a decision.

4 0
4 years ago
If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, i
julsineya [31]

Answer:

D

Explanation:

If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase.

6 0
3 years ago
Correct identification of the underlying root cause is the desired outcome of the ________________ approach to problem solving.
Citrus2011 [14]

Answer:

Letter A is correct. <u>Cause-oriented.</u>

Explanation:

A cause-oriented approach to problem solving is a method characterized by focusing on the history of the problem and then thereafter finding the root cause that originated it.

It is a very effective method when used to find solutions to various organizational problems that are apparently unsolved.

8 0
3 years ago
What is a digital footprint?
mrs_skeptik [129]
<span>A digital footprint is information about a particular person that exists on the web as a result of their internet activity.</span>
4 0
3 years ago
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using pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the marke
OleMash [197]

Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.

In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.

When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.

Learn more about penetration pricing here: brainly.com/question/3521758

#SPJ4

5 0
1 year ago
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