Business, 17.12.2019 01:31 kingcory6230
Afirm sells 3,000 headphones at a price of $3 per unit. even though this price is slightly higher than competing brands, the management is considering a further increase in price by 25 cents. the firm plans to focus advertising efforts on superior sound clarity. rachel, the firm's marketing head, feels confident that a price increase by 25 cents will increase revenue. industry analysts are of the opinion that even though the revenue is likely to increase, the firm must be careful of rivals who are actively competing for higher market share. which of the following are both the management and the industry analysts likely to agree with?
a. total revenue is maximized when the firm sells 3,000 headphones at $3 each.
b. consumers of this particular brand of headphones are extremely price-sensitive.
c. the firm is operating on the inelastic portion of its demand curve.
d. the demand for headphones in general is more elastic than this particular brand of headphones.
e. there is no product differentiation in this market.
Answers: 2
Business, 22.06.2019 10:10, hausofharris
Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?
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Business, 22.06.2019 16:30, bedsaul12345
Which of the following has the largest impact on opportunity cost
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Business, 22.06.2019 22:40, gracebuffum
In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.
Answers: 1
Afirm sells 3,000 headphones at a price of $3 per unit. even though this price is slightly higher th...
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