Amajor city was thinking about increasing its bus fares and commissioned a study to estimate the price elasticity of demand. the study estimated that elasticity was 0.4. what action should the city have taken to increase revenue from bus fares? a. increase faresb. decrease faresc. do not change farespart b: if the city examined the elasticity of bus fares again, what would they likely find? a. elasticity is now greater than 1b. elasticity is now less than 1c. elasticity is o

cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year. what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units

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Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.