1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mariulka [41]
3 years ago
10

You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popula

r software is less than 1. In order to increase total revenues from that product, you should___________.a. increase the price of the softwareb. decrease the price of the softwarec. hold the price of the softwared. increase the supply of the software
Business
1 answer:
sesenic [268]3 years ago
7 0

Answer:

a. increase the price of the software

Explanation:

If I were the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than 1. In order to increase total revenues from that product, I will increase the price of the software.

The reason for such decision is based on the fact that when the price elasticity of demand of a product is lower than 1, an increase in the price of that product results in an increase in revenue for the seller.

You might be interested in
Banks use a large percentage of their checkable deposits for the purpose of __________.
KiRa [710]

Answer:

B. giving loans

Explanation:

The reserve requirement system requires commercial banks to maintain a small fraction of their deposits as a reserve. Only a small percentage of the checkable deposits is required to be held in the banks as reserves. The reserves requirement fractions vary with the monetary policy in place.  

The percentage of reserve requirement ranges from 3% to 10%. It would hardly get to 20%. The rest other bigger percentage ( over 80%) is available to be used to create loans.

4 0
2 years ago
Read 2 more answers
What role can the private sector play in poverty alleviation?
cupoosta [38]

Through employment and engaging communities thru comprehensive business models, the private sector can play a significant role in poverty alleviation.

 

As it brings community members into the value chain thus making it a more sustainable relationship, this approach is makes it different from just social corporate responsibility.

4 0
3 years ago
Read 2 more answers
Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data t
Likurg_2 [28]

Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived.

<h3>What is data?</h3>

It should be noted that data simply means the facts and statistics that are used to analysis.

In this case, data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived

Learn more about data on:

brainly.com/question/26711803

#SPJ1

4 0
1 year ago
Microsoft project is the most widely used project management software today and is an example of a ________ tool.
fomenos
Software documents tools
6 0
3 years ago
which what-if analysis tool is the best option for complex calculations requiring constrained optimization?
DiKsa [7]

The what-if analysis tool would be the most adequate choice for intricate calculations that need contrived optimization:

b). Scenario manager

  • 'What-if analysis tool' is described as the tools that are employed to alter the values present in the cells.
  • It is done to observe the effect of changing the values impact the results produced by the used formula.
  • The what-if analysis tools have been categorized into three distinct types:
  • a). Scenarios.
  • b). Goal Seek.
  • c). Data Tables.
  • As per the question, in order to opt for complex calculations, 'Scenarios' what-if analysis would be most adequate as they examine a number of variables and set of numbers/values that affect the outcome.

Thus, <u>option b</u> is the correct answer.

Learn more about 'what-if tool' here:

brainly.com/question/14830872

8 0
1 year ago
Other questions:
  • If the agreement between Elijah and the Canadian buyer was never written down, could Elijah be liable to the Canadian buyer for
    10·1 answer
  • 10.
    8·1 answer
  • What is a business process? Why is adopting a process view of organizations essential to becoming a successful manager?
    7·1 answer
  • Each member of the Board of Governors is selected
    7·2 answers
  • For the year ended December BL 2017, Lopez Company has implemented an employee bonus program based on Lopez’snet income, which e
    5·1 answer
  • Which of the following statements is incorrect? Employment insurance compensation encourages longer job searches, which may lead
    14·1 answer
  • Choose a real or made up company abd desvribe at least 3 variable costs the company has.
    15·2 answers
  • GPB's contribution margin ratio is 85% ( or .85) and its fixed monthly expenses are $63,000. Assume that the cost structure of G
    7·1 answer
  • The following information applies to the questions displayed below.]
    13·1 answer
  • Derek, a single taxpayer, has agi of $55,200 which includes $5,000 of qualified dividends. derek does not itemize deductions. wh
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!