Answer:
Leave the price alone. Although it may lack some of the features that competitors’ models have, the Boss brand is well-recognized and well-respected in the market
Explanation:
You chose to lower the price to $359.That was the best choice.During the maturity stage of the product life cycle, increased competition eventually forces price cutting, and market share leadership may outweigh profit as a pricing objective, so this is a good option. However, it would take some research to determine whether the company can still make a profit at this price.
Answer:
Sales = 12,50,000
Explanation:
Detailed steps are given below
Answer:
Monopolist can charge a higher price from women.
Explanation:
A monopolist is producing 100,000 units of a product.
The price of the product is $5 per unit.
The price elasticity of demand for men at this price is -3.5.
The price elasticity for women, on the other hand, is -0.8.
This means that the men have a relatively elastic demand for the product. While on the other hand, women have relatively inelastic demand. This implies that if the price is increased the demand from women will not change by a greater proportion.
While demand from men can change to a greater proportion because of a change in price.
In this situation, the firm can charge a higher price from women. This is an example of third-degree price discrimination.
Answer:
D. $28
Explanation:
Given the following data;
Cost price = $20
Markup = 40%
To find the selling price;
Markup price = 40/100 * 20
Markup price = 800/100
Markup price = $8
Next, we would add the markup to the cost price;
Selling price = markup price + cost price
Selling price = 8 + 20
Selling price = $28
Therefore, the price of each pair of jeans is $28.
Answer:
The question you are asking is very <u><em>unclear</em></u>. There is no statement given, therefore I cant give a proper answer.
Explanation:
