Brandon is conducting an experiment, charging different prices for the same products at different stores and measuring sales. With this information, he will construct a demand curve. How can Brandon use this information?
What will be an ideal response?
He can use this information to estimate consumers' sensitivity to price changes, to project total revenue with different prices, or to determine by how much he would need to lower prices to obtain a specified percentage increase in sales.
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The three components of building a capable organization are
A. optimizing the number of core competencies and competitive capabilities, making sure that all managers and employees are empowered, and maximizing internal operating efficiency. B. staffing the organization, acquiring, developing, and strengthening key resources and competitive capabilities, and structuring the organization and work effort. C. making periodic changes in the firm's internal organization to keep people from getting into a comfortable rut, instituting a decentralized approach to decision-making, and developing the appropriate competencies and capabilities. D. hiring a capable top management team, empowering employees, and establishing a strategy-supportive corporate culture. E. putting a centralized decision-making structure in place, determining who should have responsibility for each value chain activity, and aligning the corporate culture with key policies, procedures, and operating practices.
When the NES Group lowered the price of its professional-grade meat slicers from $2,300 to $1,600, demand doubled from 4 units sold per month to 8 units per month. However, total revenue dropped. This is an example of:
A. substitute goods B. unitary elasticity C. elastic demand D. consumer shortage E. inelastic demand
Croce, Inc., is investigating an investment in equipment that would have a useful life of 7 years. The company uses a discount rate of 8% in its capital budgeting. The net present value of the investment, excluding the salvage value, is ?$515,967. To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive? (Ignore income taxes.)See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.
A. $6,449,588 B. $515,967 C. $41,277 D. $885,021
In the E-R diagram for OE/S, SHIPMENTS generate the SALES_INVOICES.
Answer the following statement true (T) or false (F)