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Evgen [1.6K]
3 years ago
6

The general manager of the local hockey team hires you to help maximize the team's total revenue. She explains that most costs a

re constant because the entire staff must always be available in case the arena reaches its maximum capacity. If your task were to maximize total revenue from ticket sales, then your advice to the manager would be to set the ticket price
Business
1 answer:
den301095 [7]3 years ago
3 0

Answer:

My advice to the manager is to set the tichet price as close as possible to the point where the price elasticity of demand equals 1

Explanation:

The PED shows the responsivenes of the quantity of a good or service to a change in its price when nothing  changes but the price.

Is the percentage change in the quantity demanded of a good or service divided by the percentage change in the price.  

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For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade pr
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Answer:

$2,625

Explanation:

Conversion cost incurred in September = $6000

Conversion cost incurred in August = $1.15/gallon ×7500 gallons = $8,625

Difference = $8,625 - $6,000 = $2,625

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When product designers use computer-aided design (CAD) software to produce technical drawings in three dimensions, they are usin
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Conrad wanted to offer high-quality meals in his restaurant. His motto was "the best darn meat and potatoes for miles
murzikaleks [220]

Given that Conrad's time of service delivery is slow, my advice to him would be that he has to address his quality and his service.

<h3>What is competitive advantage?</h3>

This term as it applies to the question has to do with the advantage that a business has over its competitors.

For Conrad to have this advantage they must try to serve their customers better and stop making them wait for too long.

Read more competitive advantage on here:

brainly.com/question/14030554

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8 0
2 years ago
Which feature helps business address customer grievances
meriva
A customer service representative would be a feature commonly used by huge companies in addressing the customers' issues with regards to their products and services. Furthermore, customer feedback is very important because the company would have the idea on how to improve their service or product.
8 0
3 years ago
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Life insurance companies tend to invest in long-term assets such as loans to manufacturing firms to build factories or to real e
andriy [413]

Answer:

The answers are:

  1. automobile insurers
  2. life insurance companies
  3. a life insurance policy
  4. longer
  5. longer-term

Explanation:

When a company may need money in a short notice (like auto insurers), they will need to make liquid investments. That means that they can turn their investments into cash very rapidly. Since T-bills are traded all the time, they are very liquid investments, although they aren't very lucrative investments.

On the other hand, companies that know that they will not be needing a lot money promptly (life insurance), can afford to invest in projects with a longer life span that can be more profitable also. Usually liquid investments have smaller rates of return, while long term investments have higher rates of return.

4 0
3 years ago
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