2. Now, find out what type of business it actually is. If you chose a small business, it is likely to be a sole proprietorship or some kind of partnership, but which one? If you chose a big company, chances are it is a corporation, but is it public or private? You will most likely have to visit the business’s website to find out. If you selected a business without a website, either choose another company or find another way to answer these questions: What type of business is it? How do you know?

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?