Answer: Lower the price because demand for the good is elastic.
Explanation:
The good is elastic because the elasticity is more than 1. What this means is that when the price of the good is reduced by 1%, the demand of the good will increase by 3.5%.
If the company wishes to raise revenue therefore they should reduce their prices because more people would then buy the goods and the number of more sales would lead to higher revenue.
Answer:
13,500
Explanation:
Outstanding shares = issued shares - Treasury shares
19,000 - 5,500 = `13,500
Shares is a method through which firms raise capital.
Authorised shares are the maximum number of shares a company can issue to investors
Outstanding shares are the total number of shares sold to investors
Treasury shares are shares that have been issued and later repurchased by the company
Issued shares are the shares that a company issues
When evaluating the success of a social media campaign, a baseline must be established. To assess growth, you must be aware of your beginning point.
A social media campaign is a planned marketing initiative that uses social media platforms to raise consumer awareness, interest, and loyalty toward a company, brand, product, or service. Strategic planning, audience targeting, and measurable results are all part of social media marketing initiatives. You can utilize a variety of marketing campaigns to meet different marketing objectives inside your company, including the following: campaign using traditional media. seasonal marketing blitz. campaign to launch a product. An overview of everything you want to do and want to accomplish on social media is a social media marketing strategy. It directs your behaviour and informs you of your success or failure. Your plan will work better if it is more detailed.
Learn more about social media campaign here
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Answer:
The correct answer is the option A: cost-focus.
Explanation:
To begin with, a <em>cost-focus strategy</em> is the name given to a type of strategy defined by Michael Porter in competitive advantage in order to establish a strategy whose main purpose is to focus on a low price regarding the prices of the competitors in a narrow market. Therefore that in this case Ski Safety is pursuing a cost-focus strategy because the company is looking forward to compete in a narrow market thanks to a low price.
Answer:
The correct answer is A.
Explanation:
An increase in the minimum price will increase prices and quantities offered. A minimum price often is above the equilibrium price. As prices rise, quantity sold declines. The difference between offer and demand will generate an accumulation of stock.
