Business, 24.09.2020 06:01 UltimateGoal
Just after Blake completed an income projection for 2,200 stuffed mascots, his supplier called to inform him of a 10% increase in cost of goods sold, effective immediately. Blake knows that he cannot pass the entire increase on to his customers, but thinks he can pass on half of the 10% increase while suffering only a 10% decrease in units sold. Should Blake respond to the increase in cost of goods sold with an increase in price?
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