Which sentence describes equilibrium in supply and demand? A cell phone manufacturing company decided to use a price-skimming strategy to enter the market. It set the price of its phones at $450. However, a range of other pre mium smartphones was already available in the market, and thus the product did not achieve a good demand. Eventually, when the price of the phone fell to $300, demand for the product increased and profits began to soar. Now, market research suggests that if the company reduced its price to $275, the quantity demanded would also rise. The rise in demand was predicted to be 30 percent. However, a profit study revealed that to increase demand, it would have to compromise on profits. Thus, the company decided to leave the price at $275. This would help them gain enough customers to make a profit while also manufacturing enough phones to meet demand.
Answers: 3
Business, 22.06.2019 11:10, henryzx900
How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i. e. if your answer is $432.51, then type 432.51 without $ sign)
Answers: 1
Business, 22.06.2019 12:40, abilovessoftball
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
Answers: 2
Business, 22.06.2019 19:00, princessbri02
In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:
Answers: 1
Which sentence describes equilibrium in supply and demand? A cell phone manufacturing company decide...
English, 18.03.2021 23:40
Biology, 18.03.2021 23:40
English, 18.03.2021 23:40
Mathematics, 18.03.2021 23:40
Biology, 18.03.2021 23:40
History, 18.03.2021 23:40