Answer:
The price of $23 will maximize the total revenue.
Explanation:
Revenue is a function of price multiplied by quantity. Thus, the equation for revenue is,
Let p be the price.
Revenue = (3680 - 80p) * p
Revenue = 3680p - 80p²
To find the price that will maximize the revenue, we need to take the derivative of this equation as derivative tell us about change.
Taking derivative,
d/dp = 1 * 3680 - 2 * 80p
0 = 3680 - 160p
160p = 3680
p = 3680 / 160
p = 23
So, at price p=$23, the total revenue will be maximized.
For a differentiation strategy to maintain a company's strategic situation and increase its competitive advantage an increase in value creation much surpass the increase in costs.
<h3>How does a differentiation strategy benefit in gaining a competitive advantage?</h3>
Differentiation gives a party two advantages:
-It can allow the firm to charge a premium price for its good or service, should it choose to do so.
-It can help the firm to grow overall need and capture market share from its rival.
A generic strategy attempts to convince clients to pay a premium price for its good or services by supplying unique and desirable features. Using a differentiation strategy suggests that a firm is contesting based on uniqueness, rather than price.
To learn more about differentiation strategy visit the link
brainly.com/question/16448107
#SPJ4
Answer: Transaction processing systems
Explanation:
The transactional processing system is one of the type of information system in which the we managing all the business transaction ad the collection of the data by using the efficient software system.
It is also known as the real processing system that helps in maintain the reliability, consistency and also the performance of the system.
The transaction processing system is the combination of hardware and the software that efficiently manage the day activities in an organization to conduct the business.
Therefore, Transaction processing system is the correct answer.
Answer:
$143,750
Explanation:
We have to first calculate the present value of the bargain purchase option:
PV = $200,000 / (1 + 6%)⁵ = $149,451.63
net lease amount = $790,000 - $149,452 = $640,548
PVIF Annuity due, 6%, 5 payments = 4.546
Annual payment = $640,548 / 4.456 = $143,750
Answer:
Customer relationship management
Explanation:
Customer relationship management is a strategy used in most organisation in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.