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:
$10,600
Explanation:
The total amount that the students will pay will be the total of monthly installments plus the deposit
Deposit =$1000
total monthly installments = $200 x 48 = $9600
The total amount he will pay = $ 9600 +$1000
=$10,600
Please see the complete question below.
"You never get a second chance to make a good first impression," captures the importance of the __________ step in the selling process.
(A) approach
(B) qualifying
(C) prospecting
(D) introduction
Answer:
The answer is approach (Option A)
Explanation:
The approach step is a vital step in the selling process in which a salesperson makes a call to, or visit a prospective customer for the first time. In other words, it is the step in which the sales person establishes a rapport with the prospective customer.
Thus, it is important that the salesperson makes a good first impression by presenting himself/herself in a professional manner, exhibit credibility as well as all other qualities need to start a good relationship with the prospective customer because first impression lasts long.
Answer:
The correct answer would be option B, Consumer Need.
Explanation:
Business objectives are basically the mission of the organization. Mission of the company is the purpose of the organization and the purpose of the organizations is usually to meet the customers' needs and fulfill their demands and desires through their products or services. The product or the service of the company is the way to meet and satisfy the customer's needs. Making high level products or giving high level services is the mission of the company. So it is true that a business objective is aligned with a customer need to be fulfilled by the business.
The market is up rn depending on what brands you trust and willing to invest in
