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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?)
Evaluate each of the following approaches that a business firm could use to gather information about competition, For each approach, mark your feeling about its approprateness using the following scale.
In analyzing the interaction between task oriented leadership and situational characteristics associated within an organization, can you explain the impact of this interaction on the effectiveness as a leader please?
The aim of this work is the ability of the analysis to demonstrate in the evaluation of legal issues or risks that are present in the area of business law.
Analyzers at the Center for Disease Control and Prevention and National Cancer Institute published a study that concluded that people who are over their ideal weight but not obese actually have a lower risk of death than people who are within normal ..
Intoxicated however fully aware of the consequences, Uri decides to a two-year cell-phone service contract with Wander Talk Inc., at morethan the average market price. This contract is 1) Enforceable.
Determine the contribution margin in dollars, per unit and as a ratio. b. Using contribution margin technique, compute the break-even point in dollars and in units.
Define the sociological reasons that gender, race and age discernment occur in American society. Describe whether you think these forces will diminish or developed more prevalent in the near future.
Included among the guidelines for topic selection is, The goal of an informative speech is to, Demographic analysis is a useful tool for understanding and analyzing your potential speaking audience. According to you text, which of the following..
Explain a business situation that would require multiple regression with dummy variables.
Which option is more economical and what customer issues are not included in the data presented
Classroom discussion no word or page limit: "Explain how GE is Disrupting Itself" a reverse innovation discussion. a) Does reverse innovation have a future.
Describe a situation in which you felt out of your comfort zone. Why did this situation make you feel uncomfortable and what activities or situations are you currently avoiding because you feel out of place?
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