If the demand for farm products is price inelastic, a bumper crop (an unusually good harvest) will cause farm revenues to: a. increase.
b. be unchanged.
c. decrease.
d. either increase or decrease, depending on what happens to supply.

Afreezer manufacturer might purchase sheets of steel, wiring, shelving, and so forth, as part of its final product. this is an example of what sub-classification of business market?

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Explain how can you avoid conflict by adjusting