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3 years ago

If a company increases its sales price per unit for productâ€‹ a

Business

1 answer:

Effectus [21]3 years ago

7 0

Answer:

TR decreases if Demand is Elastic, TR increases if Demand is Inelastic

Explanation:

Price Elasticity of Demand is the responsive change in price, due to change in price. Elastic demand means demand responds more to price change, Inelastic demand means demand responds less to price change. Total Revenue is the total receipt value from sales = Price x Quantity

If demand is elastic : price & total revenue are inversely related - price increase, demand decrease & price decrease, demand increase.
If demand is inelastic : price & total revenue are directly related - price increase, demand increase & price decrease, demand increase

So, If a company increases its sale price per unit of a product :

Total Revenue would increase as a result of price rise, if demand is Inelastic
Total Revenue would decrease as a result of price rise, if demand is Elastic

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3 years ago

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Identify a romantic couple in a TV series or movie that goes through several of Knapp's Stages of Relational Development. Descri

Artyom0805 [142]

Answer:

Stagnation

Explanation:

There are several stages in Knapp's stages of relational development. The stages are as,

Experimentation

Intensifying

Integration

Bonding

Differentiation

Circumscribing

Stagnation

Avoidance

Termination

I recently saw a movie in which there was a couple who was going through integration period of Knapp's relational development. They express their love for each other and plans to marry soon. Once they are married they identify the difference in their cultures because both of them belonged to different religion. The difference start to create problems between them and they now quarrel with each other over small things. The relation goes into circumscribing stage where there is less exchange of information between the couple and they avoid talking to each other. There is an increase communication gap between two. As the movie moves to climax both of them are in Stagnation stage where each of them feels stuck in this relationship and suddenly there is an accident and one of them dies. The movie ends with lifetime regrets for the one who survives.

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3 years ago

Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following:

Ostrovityanka [42]

Answer:

-1,185,282.35‬

Explanation:

The average daily collections are the average number of payments times the average value of a payment, so:

Average daily collections = =355 * 945

Average daily collections = $335,475

The present value of the lockbox service is the average daily receipts times the number of days the collection is reduced, so:

PV = (4 day reduction)( $335,475)

PV = $1,341,900‬

The daily cost is a perpetuity. The present value of the cost is the daily cost divided by the daily interest rate. So:

PV of cost = (.3*355)/.00068

PV of cost = $106.5/.00068= $156,617.65

The firm should take the lockbox service. The NPV of the lockbox is the cost plus the present value of the reduction in collection time, so:

NPV = $156,617.65 - 1,341,900

NPV = -1,185,282.35‬

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3 years ago

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If someone on a business trip wins the lottery, would the money be split between the parters or will the person who won it, keep

Inga [223]

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3 years ago

in the business world of the 21st century, will it be possible to make critical marketing decisions without marketing research?

Sauron [17]

Answer:

In the business world of the 21st century, it is nearly impossible to make critical marketing decisions without marketing research

Explanation:

With the growing technological advances and the growing online community and with a bigger and more diverse consumer market it will be almost nearly impossible to make any critical marketing decision without doing marketing research. With the growing demand for companies to know more about their consumers than ever before it would not benefit the companies to ignore their marketing research especially since most business survive on keeping their consumers happy and if you cannot target you different markets needs especially in today's diverse market than your company may not have a very long life.

And because of technological it is easier to analyse the consumer market and hence it is easier to make critical marketing decisions through marketing research as it is relatively more cheap and accurate when compared to the past.

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3 years ago