Business, 06.12.2019 17:31 moneyyfletcher

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your "no haggle" sales policy. last year, your dealership earned record profits of $2 million. in your market, you compete against two other dealers, and the market-level price elasticity of demand for midsized honda automobiles is -1.2. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 25 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $14,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:00

Identifying type and normal balances of accounts lo c4 for each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the normal balance of the account, and (3) select debit (dr.) or credit (cr.) to identify the kind of entry that would increase the account balance.

Answers: 1

Answer

Business, 21.06.2019 22:50

Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?

Answers: 2

Answer

Business, 21.06.2019 23:00

James has set the goal of achieving all "a"s during this year of school.which term best describes this goal

Answers: 2

Answer

Business, 22.06.2019 08:30

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Answers: 3

Answer

You know the right answer?

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride...

Questions