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cluponka [151]
3 years ago
14

If the elasticity of demand for a company’s product is estimated to be 1.72, what would you advise the company to do if their ob

jective is to decrease revenue?
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

Raise price

Explanation:

Elasticity of demand refers to the responsiveness of quantity demanded with any change in the price level of the product.

Here, the elasticity of demand is 1.72 which indicates that the demand for the product is more elastic. This means that a slightly increase in prices would reduce the quantity demanded by the a larger amount.

Therefore, if this company wants to decrease its revenue then it should raise the price of the product which results in lower quantity demanded and hence, reduction in the revenues.

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Integrated Development Planning is primarily based on community desires and priorities. Communities have the opportunity to take part in figuring out their maximum critical needs.

<h3>What is municipal included Development Planning?</h3>

An Integrated Development Plan is a notable plan for a place that offers a normal framework for improvement.

It targets to coordinate the activities of the neighborhood and different spheres of presidency in a coherent plan to improve the quality of life for all of the human beings dwelling in a place.

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The correct alternative is letter c. marketing. Predicting what types of bicycles different customers will want and deciding which of those customers the company will try to satisfy are activities that a company must do as part of marketing.

<h3 /><h3>What is marketing?</h3>

It corresponds to a set of techniques and strategies developed by a company whose main objective is to create value for its consumers through communication, organizational image, products and services, establishing relationships that increase competitiveness and profitability in the active market.

Therefore, marketing helps in forecasting trends that satisfy the needs and wants of your consumer, as well as predicting the types of bicycles that customers will want as exemplified in the statement.

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5 0
1 year ago
Which of the following is true regarding GASB's definition of the financial reporting entity?
Mashutka [201]

Answer:

d. All of the above are true

Explanation:

According to my research on the GASB's definition of the financial reporting entity, I can say that based on the information provided by the GASB website, all of the above statements provided are true. They can consists of many components such as joint ventures or jointly governed organizations, governments can be general purpose governments or special-purpose governments, and Blending is used.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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How have computers affected the american workforce?
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True, Compared to the other main forecasting techniques, market-based forecasting of exchange rates has proven to be more reliable and consistent.

What is Market-based forecasting?
By utilising a wide range of data that describe the nature of demand within the organization's service area, market-based demand forecasting is a technique for estimating future demand for a healthcare organization's services. The primary and secondary service areas, population breakdowns by various demographic categories, discharge utilisation rates, market size, and market share by service line and overall are just a few examples of the information we're talking about. Strategic planners can develop scenarios describing potential future demand based on observable market dynamics and a variety of explicit assumptions about future trends. Then, financial planners can assess every scenario to see how it might affect particular financial and operational metrics, like operating margin, days with cash on hand, as well as debt-service coverage, and create a strategic financial plan that accounts for a variety of contingencies.

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