Revenue at a major smartphone manufacturer was $2.4 billion for the nine months ending March 2, up 86 percent over revenues for the same period last year. Management attributes the increase in revenues to a 123 percent increase in shipments, despite a 37 percent drop in the average blended selling price of its line of phones. Given this information, is it surprising that the company's revenue increased when it decreased the average selling price of its phones?
No. Own price elasticity is -3.32, which means demand is elastic and a decrease in price will raise revenues
No. Own price elasticity is-0.30, which means demand is elastic and a decrease in price will raise revenues
Yes. Own price elasticity is -3.32, which means demand is elastic and a decrease in price will decrease revenues.
Yes. Own price elasticity is-0.30, which means demand is inelastic and a decrease in price will decrease revenues.
Answers: 1
Business, 21.06.2019 19:40
Uppose stanley's office supply purchases 50,000 boxes of pens every year. ordering costs are $100 per order and carrying costs are $0.40 per box. moreover, management has determined that the eoq is 5,000 boxes. the vendor now offers a quantity discount of $0.20 per box if the company buys pens in order sizes of 10,000 boxes. determine the before-tax benefit or loss of accepting the quantity discount. (assume the carrying cost remains at $0.40 per box whether or not the discount is taken.)
Answers: 1
Business, 22.06.2019 17:20
“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.
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Business, 22.06.2019 23:30
Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution
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Business, 23.06.2019 00:00
The gorman group is a financial planning services firm owned and operated by nicole gorman. as of october 31, 2016, the end of the fiscal year, the accountant for the gorman group prepared an end-of-period spreadsheet, part of which follows:
Answers: 2
Revenue at a major smartphone manufacturer was $2.4 billion for the nine months ending March 2, up 8...
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