Answer:
0.085
Explanation:
The computation of the expected change in the quantity of teenage is shown below:
As we know that
Price elasticity of supply = Percentage change in quantity supplied ÷ Percentage change in price
where,
Percentage change in price is
= (p1 + p2) ÷ 2 ÷ (p2 - p1)
= ($7.25 + $8.75) ÷ 2 ÷ ($8.75 - $7.25)
= 8 ÷ 0.5
= 16
Now the change in the quantity of supplied is
= 1.36 ÷ 16
= 0.085
Answer:
C. Place advertisements on social media
Explanation:
The promotional strategy that would be best suited for a new cell phone with advanced features is advertisment on social media because it is meant for targeted audience.
Although radio advertisement covers a wider range of audience, social media advertisement will be the best for the above scenario because it covers targeted audience and also perspective buyers would like to see sample of those features which will not be possible in radio advertisement.
There are various social media platforms like Instagrams, linkedln etc where these products can be advertised and the advanced features seen by targeted audience before placing an order.
Answer:
To find Earning per share, we can find this by the following formula:
Increase in Earnings Per Share = Net profit of new products / Number of shares
and
Net Profit of new products = 5% * $4,898,300 = $244,915
Increase in Earnings Per Share = ($244,915) / 1,456,800 = 16.81%
Answer:
The correct answer is "Market the same products to similar customers."
Explanation:
Without new products, Erik will keep marketing the same products to similar customers. This does not propose any expansion of the company. It can lead to stagnant business and less chances for the business to cover more markets and grow in different environments.
Expansion helps companies to grow and touch markets that were not being catered to earlier. It helps them to earn more and become bigger than before. Erik cannot do that if he does not introduce new products in the market.
Answer:
college apps are not that expensive likr this one
Explanation: