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
Marysya12 [62]
4 years ago
15

Last month you assumed the position of manager for a large car dealership. The distinguishing feature of this dealership is its

"no hassle" pricing strategy; prices (usually well below the sticker price) are posted on the windows, and your sales staff has a reputation for not negotiating with customers. Last year, your company spent $2 million on advertisements to inform customers about its "no hassle" policy, and had overall sales revenue of $40 million. A recent study from an agency on Madison Avenue indicates that, for each 3 percent increase in TV advertising expenditures, a car dealer can expect to sell 12 percent more cars—but that it would take a 4 percent decrease in price to generate the same 12 percent increase in units sold. Assuming the information from Madison Avenue is correct, should you increase or decrease your firm’s level of advertising? Explain.

Business
1 answer:
ELEN [110]4 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
When using an rss feed within hootsuite, you can limit the amount of content being automatically pushed out to your followers by
Solnce55 [7]

Limiting the <u>frequency </u>that the RSS feed updates (once per day, once per week, etc) and by limiting the <u>number of posts</u> each time Hootsuite checks for content.

5 0
4 years ago
Fiat money has an alternative use as an economic good, while commodity money did not. True or false
Drupady [299]

Answer:

False

Explanation:

Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods.

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value.

4 0
4 years ago
How does a weak currency give a country an unfair advantage in trade?.
harina [27]

Answer:

From the countries point of view with the weaker currency, their goods are relatively cheaper to other countries, and other countries goods are relatively more expensive to this country (Say Country A) as they have a weaker currency.

From the point of view of Country B, with a stable currency, Country A's goods are relatively cheaper because they have a weaker currency.

Due to this scenarios, Country B will export less to Country A than import because Country B will be buying more of Country A's product as it is relatively cheaper. It will export less to Country A because Country B's products are relatively more expensive to Country A due to their weak currency.

6 0
3 years ago
How does a lender in the primary mortgage market earn money when a loan is originated?
Arlecino [84]

Mortgage lenders can make money in a variety of ways, which includes origination fees, discount points,  yield spread premiums, closing costs, loan servicing and mortgage-backed securities.

Yield spreads are the spreads which  include the spread of the rate which any lender pays for money borrowed by them from larger banks and the rate which they charge from borrowers.

Closing costs are the fees which the lenders may take from  th8e borrower include application, underwriting, processing, loan lock, and other fees.

Lenders always use their funds when they extend mortgages, they  charge an origination fee of 0.5% to 1% of the loan value for extending this , which becomes due with mortgage payments.

To know more about the mortgage lenders here:

brainly.com/question/28222316

#SPJ4

4 0
2 years ago
The top management of Myers Corp are planning a reorganization of their company to cut costs and increase efficiency. The differ
melamori03 [73]

Answer:

C. substitutes

Explanation:

This scenario reflects the operation of substitutes in replacing the support and ability offered by leaders

6 0
3 years ago
Other questions:
  • Why do people keep money in transaction accounts?
    15·1 answer
  • Suppose a professional basketball game is to be played at a suburbansuburban ​arena, which increases demand for parking on the n
    15·1 answer
  • Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases
    9·1 answer
  • Consider a game with two players who cannot​ communicate, and in which each player is asked a question. The players can either a
    11·1 answer
  • Financial managers measure the benefits and costs of long-term investment proposals in terms of
    6·1 answer
  • A ________ is a special type of strategic alliance in which two or more firms join together to create a new business entity that
    14·1 answer
  • As a manager, Alejandro views his organization primarily as people and believes strongly in treating team members well to help t
    6·1 answer
  • Keidis Industries will pay a dividend of $4.35, $5.45, and $6.65 per share for each of the next three years, respectively. In fo
    12·1 answer
  • 4. Matilda and Rene are also trying to forecast what their federal and state income taxes will
    9·1 answer
  • Organizations that utilize the file processing approach spend as much as ________ of their is development budget on maintenance.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!