An inquiry arrived from a client

Assignment Help Business Management
Reference no: EM13157872

An inquiry arrived from a client, Noise Unlimited Inc. This firm sells luxury stereo systems through its retail outlets. At a price of $800 per system, NU, Inc. sold about 600 systems per month. The new general manager for this product, Eli Sticity, decided that they needed more revenues and increased price to $1200. However NU, Inc. is now only selling 100 systems per month at that price. What is the price elasticity for this product (need to calculate this and show your work?) Define price elasticity and explain how it should be used for pricing this product. What do you recommend for the pricing of this product (i.e. Should it stay at $1200, be increased, decreased, how do we find the optimal price?) 

Reference no: EM13157872

Professional article pertaining to a marketing research

The article must be summarized in 3- 4 (full) typewritten pages, using 12 font, double spacing, Times New Roman font style, size 12. Make sure that you select a detailed artic

Brand managers know that increasing promotional budgets

Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars typically results in a 26% increase in awarenes

Which do not violate the patent

A drug company, which manufactures and distributes a patented drug, has approached you for suggestions. The drug has been very successful and profitable for treating depressio

Cute''s product manager

Cute's product manager is under pressure to increase market share, but is uncertain about how to make the product more competitive. The product is reasonably well-positioned i

Examine the influence your selected tool

Examine the influence your selected tool has had on the lodging industry. What processes has it affected? How has your selected tool influenced the effectiveness and efficienc

Manager for an outomobille company

Assume you are a marketing manager for an outomobille company you job is to reposition an SUV model that was once identified as a ( fuel guzzler) the model now comes with a su

Business process where production is small

Identify and explain a business process where production (product or service based) is small lot/batch size. What are the supply chain implications of the lean system emphasis

Psychological contract

What concerns does a company need to consider in following background check guidelines? Discuss the steps needed to ensure compliance with the Fair Credit Reporting Act.

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd