Answer:
The correct answer is: How this new decision would impact in the consumers?
Explanation:
To begin with, due to the fact that the company first offer a low price to its costumers and then eventually tend to charge a different price by offering something completely different then the consumers will find that situation pretty unpleasent due to the fact that first they had something better and that is the main reason why the sales for the sketchpad plummeted after making that new decision. Therefore that the company's employees may have asked themself before the question of how the new price would impact in the consumers eventually.
Answer:
it is good that all business majors study this regardless, as strategic management takes place at several/multiple levels in any organization they may find themselves
Explanation:
Even though most students may never become CEOs or branch manager or department heads of departments, it is good they study strategic management as strategic management provides directions through the development of plans on how to achieve an organizations set goals.
Several other levels in an organization may require the knowledge of strategic management. These employees in these other job roles could be asked to complete strategic plans for their various departments. Also at all levels, employees are asked to make contributions towards their organizations strategic plan. This makes it important for all business majors to study.
Answer:
Total revenue will rise if the price of cigarettes rises
Explanation:
Demand is inelastic if a change in price leads to a little change in quantity demanded. If price is increased, the fall in quanitity demanded would be little compared to the increase in price so total revenue would increase.
I hope my answer helps you
<span>A hypothesis is a specific prediction of how variables may be related; whereas a theory includes broad explanations and predictions concerning phenomena of interest. A theory is always backed by evidence but a hypothesis is only a suggested possible outcome. It can be tested and be proven to be right or wrong.</span>
The answer is C. Kind of characteristics your company values