Atlantic Coffee has recently decided to raise its prices by10%. It was shocked by its customers' reaction to the price increase when sales dropped24%. such a sharp drop in sales occurs because:_the demand for a specific brand of coffee is highly elastic.
The market fee is the modern rate at which an excellent service can be purchased or sold. The market price charge of an asset or carrier is decided with the aid of the forces of delivering and calling for; the fee at which the amount provided equals the amount demanded is the marketplace rate.
The primary price is the amount receivable through the manufacturer from the customer for a unit of an amazing or provider produced as output minus any tax payable, and plus any subsidy receivable, by means of the producer as a result of its manufacturing or sale.
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The company selling the product is using emotional appeal in setting up the advertising.
<h3 /><h3>How does advertising impact business?</h3>
A company's marketing department is responsible for identifying strategies that will promote products and services to generate consumer value and market positioning. Advertising aligned with the brand's values will attract and retain consumers, increasing competitiveness.
Therefore, by using an emotional appeal in advertising, the cosmetics company is using a method of competition not based on price, but on the benefits of the product.
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Answer: 10.54%
Explanation:
The Real rate of return is calculated as;
(1 + Real Rate) = (1 + Nominal Rate) / (1 + Inflation Rate)
1 + 0.056 = ( 1 + n) / ( 1 + 0.0468)
1.056 = (1 + n) / 1.0468
1.1054208 = 1 + n
n = 0.1054208
n = 10.54%
The cycle time is composed of all the components given above except that of waiting time.
<h3>What is cycle time?</h3>
The time taken by a producer or a supplier in a unit to actually produce and make the produced goods available for shipment is called as the cycle time of such unit.
Hence, option D holds true regarding the cycle time.
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