Afew months before, a major b2b supplier raised prices of its products 10 percent to cover changes in market conditions. he was surprised to find how the orders from his normal customers plummeted. his normal order was $1,100. after the price increase, the average order dropped by 25 percent. he became concerned that customers might look elsewhere. for this reason, he decided to start offering discounts. when one of his loyal customers, david, purchases $950 worth of product for his firm, the supplier gives david the terms "4/20 net 30." he wants to maintain his relationship with david and would ideally like to receive payment in less than a month. refer to scenario 19.3. consider how the average order amount changed when prices were raised $75. the elasticity of demand is with this in mind, the product can best be described as
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Business, 21.06.2019 12:50
Suzanna decided not to pay federal income tax, saying that paying federal income tax is optional. describe two possible consequences of suzanna’s decision
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Business, 21.06.2019 20:50
Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.
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Business, 22.06.2019 14:30
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
Business, 22.06.2019 17:00
Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?
Answers: 3
Afew months before, a major b2b supplier raised prices of its products 10 percent to cover changes i...
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