Answer:
(a) dD/dp = -6p - 4
(b) dD/dp = -64
Since the rate of change of demand is less than 1, the demand for the item is inelastic.
Explanation:
(a) D(p) = -3p^2 - 4p + 200
The rate of change of demand with respect to price is obtained by differentiating D with respect to p
dD/dp = -6p - 4
(b) dD/dp = -6p - 4
p = $10
dD/dp = -6(10) - 4 = -60 - 4 = -64
The rate of change of demand with respect to price is less than 1. This means that the demand for the item is inelastic. An inelastic demand is one in which there is little or no change in quantity demanded when price increases or wanes.
Answer:
5C's, STP, 4P's
Explanation:
The marketing framework is a template that has instructions for the carrying out of marketing plan. Such a framework enables you to deliver the correct content to the right people, by using the right channels, at an appropriate time to attain your important or core marketing goals.
The correct order is 5C's, STP, 4P's.
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Answer:
Last year Blease Inc had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $205,000 and its net income was $10,600. The firm finances using only debt and common equity and its total assets equal total invested capital.
Explanation:
Hello!
The correct answer for the blank is: Operating profit margin.
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Answer: can lengthen response times by those closest to the market conditions because they must seek approval for their actions
Explanation:
Centralization simply refers to a form of organizational scenario where there is one person at the top that usually makes the major decisions for the company. The powers are usually held by those at the top and messages are passed to the lower level to be implemented.
One major drawback is that it can lengthen the response times by those closest to the market conditions because they must seek approval for their actions.