Im ony in middle school sorry
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:
Claes Oldenburg
Explanation:
This man was a famous sculptor, and his artwork focused on consumer life, described as in the question.
The answer to this question is <span>Internet Engineering Task Force
</span><span>Internet Engineering Task Force is a large community that consist of network designers, researchers, operators, etc.
</span>This community is 'open' in nature, which means everybody could join and contribute something to the community (without any oayment)
Answer:
The answer is: Product development strategy
Explanation:
A Product Development Strategy is a growth strategy carried out by a company that introduces new products (or updates existing ones) into current or new markets.
In this case, Dunkin´ Donuts introduced its new espresso drinks (new product) to its stores´ menus. They were trying to get their donut customers (current market) to buy their coffee also.