Answer:
Provided in Explanation
Explanation:
This is a very general question however I’ll try to answer it to the best of my knowledge.
If I use my own assumptions then these will be the Projections:
Selling Price $79.99 Selling Price $69.99
Cost of Sales/unit $40.00 Cost of Sales/unit $40.00
Expenses/unit $15.00 Expenses/unit $15.00
Demand @ $79.99 1000 Demand @ $69.99 1200
Sales $79,990.00 Sales $83,988.00
Cost of Sales $40,000.00 Cost of Sales $48,000.00
Expenses $15,000.00 Expenses $18,000.00
Profit $24,990.00 Profit $17,988.00
The final decision however relies on the Price Elasticity of the Product. If the Product is Price elastic then lowering the Price will lead to a significant rise in Demand. However if the Product is Price inelastic then lowering the Price will not lead to a significant rise in Demand and thus profit margins will be lowered. If the Product is Price inelastic then it is better to increase prices in order to gain more profits. In the case of Unit Elasticity the change in Demand will be at the same proportion as price change so it won’t be of any use to change the Price.
Answer:
Science-push
Explanation:
The science push approach was the first linear model (1950s - 1960s) developed in order to explain the innovation process. It is called a linear model since it believed that innovation started with scientific discovery, then invention, engineering, manufacturing and finally the marketing of a new product.
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<u>Science-push approach</u>
basic science ⇒ research an development ⇒ production ⇒ marketing
The basic error of this model is that it doesn't consider any type of feedback at any stage.
Answer:
A. norms.
Explanation:
Based on the information provided within the question it can be said that in this case, the sales department has developed norms. This term refers to unwritten rules regarding behavior and various actions that considered by the company or society as being acceptable for the environment in which you are in. Such unwritten rules include dress codes and specific work hours, as defined in this scenario.
Answer:
c) $758,300
Explanation:
Amount of Loan = $1,000,000
Interest rate = 9% per year = 9% / 4 = 2.25% per quarter = 0.025
Interest amount = $1,000,000 x 2.25% = $22,500
First Quarter payment = $264,200
Principal Payment = First Quarter payment - Interest paid
Principal Payment = $264,200 - $22,500
Principal Payment = $241,700
Amount Due on December 31 = $1,000,000 - $241,270 = $758,300
This strategy is an attempt to retain the consumers' perception of their product. Consumers' perception is a marketing concept that has to do with the impression that a company produces about its products. Customers perception is influenced by advertisements, reviews, social media, personal experiences, etc.