b is thew answer hope this helped
The microeconomic factors that are important to consider in business is competition, the supply and demand, elasticity of the goods and similar variables. Depending on the business, each has factor has a unique impact which can either help or ruin the business.Thank you for your question. Please don't hesitate to ask in Brainly your queries.
I guess the correct answer is Product development
3M involves its customers in the process of developing new products. In this way, it can benefit from current customers' insights and develop new products that will meet these customers' needs. 3M is pursuing a Product development growth strategy.
The competition between Coke and Pepsi is an example of highly elastic demand product. If the price of one of these two will increase, the demand for that product will decrease. This will result to an increase in demand for the other product. Both drinks can quench thirst even though they are marketed differently.
If 97% came from domestic sources then 3% came from foreign sources. This means that $450,000 is 3/100 of the total amount. You need to divide 450,000 by 3 to get 1/100 (1%) of the total amount, then multiply that number by 100 to give you the sum of 100/100 (100%) of the company's revenues:
450,000/3=150,000×100= $15,000,000
So, the company made $15,000,000 last year
