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1. Your company's competitors has lowered it prices by 20%. Your staff economist has estimated that the the cross price elasticity between your product and the competitor's product is -1.2. The boss wants to know how this will affect your companies revenues (sales)?
2. The income elasticity for your companies product A is 0.5; for product B he income elasticity it is 1.2; and for product C the income elasticity is -1.2. The country is in a recession and personal income is forecasted to fall by 2.2%. What is the forecasted revenue (sales) impact on product A, B and C, respectively. Which product would do the best (by sales growth) by how much and why?
3. Your boss wants to increase total revenue by 15%. Your staff economist has estimated that the price elasticity is 0.8. Should the company raise or lower its prices and by how much to affect a 15% revenue increase?
With the implementation of systems, new technologies, and new corporate strategies, individuals will work as part of a team and will work with many varying personalities and levels of work ethic.
The leaders challenge is to help individuals grow and fulfill their personal potential while advancing the organization's goals'
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A. Compute the static budget amount for revenue. B. Compute the flex budget amount for revenue. C. Compute the actual amount of revenue.
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Can someone help solve this business mathematics problem? Kindly show the calculation
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Write an essay about Business and administrator. Information: Talk about personal experience about that major when I was in China.
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