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exis [7]
3 years ago
8

If you were selling a product with an elasticity of 1.6 and you wanted to increase your revenue, what should you do to the price

?a. Lower priceb. Increase priceC. Do not change price
Business
1 answer:
docker41 [41]3 years ago
7 0

Answer:

If the product we are selling has an elasticity of 1.6 we should lower the price to increase revenues

Explanation:

Elasticy in demand above 1 means that are elastic goods. So the percentage in the rise in the quantity demanded is superior to the percentage in the fall of the price, so it will increase revenues.

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Item 1Item 1 A company's 2019 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,
Mama L [17]

Answer:

$1,160,000.00

Explanation:

The amount of cash received during the year is the total sales revenue minus the increase in accounts receivable which is the credit sales upon which payment was not received as well as the decrease in unearned sales revenue which is the sales revenue recorded in the year but its  cash was received in the prior year.

Amount of cash received during the year=$1,200,000-$25,000-$15,000=

$ 1,160,000.00  

The decrease in unearned sales revenue would a debit to unearned sales revenue and a credit to sales revenue, hence it has increased sales revenue

7 0
3 years ago
Large retailers like walmart have enormous channel control due to their size and power. which type of channel arrangement does t
Oksi-84 [34.3K]
<span>The type of channel that large retailers represent like Walmart who has enormous channel control due to their size and power is called administrative. Administrative channel is one of the three dependent channel arrangements usually associated in the supply chain and distribution system in general. This arrangement is mostly associated to large corporations or retailer which usually dominates the market and hence has great influence/power in the channel management</span>
5 0
3 years ago
In business continuity planning, which of the following is an advantage of a "hot site" over a "cold site":
stepan [7]

Answer:

C. Short period to become operational

Explanation:

In business continuity planning, a disaster recovery site is one that is set up to ensure the computer operations of the business does not come to a halt in case of a system emergency or disaster.

The disaster recovery site could be a <u>hot site</u>, warm site or <u>cold </u>site.

An <u>advantage of a hot site is that it can be set up quickly and as such, takes less time to become operational than a cold site</u>.

However it has a cost disadvantage as it is more expensive to set up.

3 0
3 years ago
The person who receives <br> financial protection from a life insurance plan is called a what
Wewaii [24]
The answer is Beneficiary because most people buy life insurance to protect the people who depend on the insured from financial losses cause by his or her death
3 0
3 years ago
Read 2 more answers
Falling economic indicators typically signal ________ in the economy. inflation inflation depression depression expansion expans
Softa [21]

Falling economic indicators typically signal recession in the economy.

This is further explained below.

<h3>What are economic indicators?</h3>

Generally,  A statistic that pertains to an economic activity might be referred to as an economic indicator.

Indicators of the economy make it possible to conduct analyses of past performance and make projections about future performance.

The examination of different phases of company activity is one use of economic indicators.

In conclusion, Typically, a recession in the economy is indicated when economic indices start to fall.

Read more about economic indicators

brainly.com/question/20264817

#SPJ1

3 0
2 years ago
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