The highlighted part of the table shows the prices and revenue for 10-18 shirts. 5) What number of shirts unit sales most pleases a sales clerk with sales commission-based bonuses? Sales personnel is targeted on receiving the commission from the product they sell ( a given percentage of sales revenue ). So‚ they would prefer the $24.07 price‚ where total revenue is $361 selling 15 shirts a day. 6) Would you recommend lowering price to the level required to generate 15 unit sales per day? Why or
Premium Profit maximization Marginal cost Marketing
Let’s find out‚ what eco friendly technology really is … It can be individual or sets of sustainable technologies‚ that can apply in order to preserves the environment by using the alternative and renewable resources which is abundant‚ easily replenished‚ least harmful materials and methods so as to reduce the harmful waste to avoiding pollution that is toxic to our ecosystem and also the atmosphere which may cause impact of climate change and global warming. Eco technologies also use energy efficiently
Premium Sustainability Alternative energy Wind power
[pic] UNIT OF STUDY GUIDE VICTORIA UNIVERSITY FACULTY OF BUSINESS & LAW‚ SCHOOL OF HOSPITALITY‚ TOURISM & MARKETING |YEAR/SEMESTER | |2012 Semester 2 | |UNIT TITLE | |Consumer Behaviour | |UNIT CODE | |BHO2434
Premium Marketing
Economic Question 1: (a) Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1‚ 1 and 2‚ 2 and 3‚ etc.) Output (units) | TC(＄) | AC(＄) | MC(＄) | 0 | 55 | ---- | 30 | 1 | 85 | 85 | | | | | 25 | 2 | 110 | 55 | | | | | 20 | 3 | 130 | 43 | | | | | 30 | 4 | 160 | 40 | | | | | 50 | 5 | 210 | 42 | | | | | 70 | 6 | 280 | 47 | | | | | 90 | 7 | 370 | 53 | | | | | 110 | 8
Premium Costs Inflation Supply and demand
Structures in Kudler Differentiating Between Market Structures in Kudler Overview of Kudler Fine Foods Kudler Fine Foods is an upscale gourmet food store with locations throughout California. The store focuses on a variety selection of products such as bakery‚ fresh produce‚ fresh meat‚ fresh seafood‚ condiments‚ and the wines (Kudler Fine Foods‚ 2003). Kathy Kudler‚ the founder of Kudler Fine Foods‚ was on a routine shopping trip when she realized the need for an upscale specialty food
Premium Customer service Monopoly Competition
Economics Summary Chap 4&10 Chapter 4: Australia’s trade and financial flows Chapter 10: External Stability Overview Chapter 4: Understanding Australia’s place in the global economy Trends in Australia’s trade patterns Trends in Australia’s financial flows The balance of payments TRENDS in Australia’s balance of payments Consequences of a high current-account deficit Overview Chapter 10‚ External Stability: Australia’s current account deficit Australia’s foreign liabilities Australia’s
Premium Investment International economics Macroeconomics
consume various products on a daily basis. How much and how often goods are consumed can depend on several factors. It is these causes that set a precedent for what consumers will purchase and the amount of products to be produced by manufacturers and farmers. This is known as economic consumption patterns‚ and these patterns are thoroughly reviewed by economists. Economists use the results of the evaluation to provide the economy with information regarding the supply of products and services‚ and
Premium Supply and demand Elasticity Price elasticity of demand
To be honest‚ I never really have put much thought into the environment and how every little thing we do affects it in some way. Coming in to college and taking my environmental biology class and now watching the documentary in this class has opened my eyes to some realities about the world we live in today‚ such as‚ half of the forests that originally covered 46% of the Earth’s land surface are gone. Only one-fifth of the Earth’s original forests remain pristine and undisturbed. Furthermore 60%
Free Tobacco Nicotine Cigarette
central planner. It does not create room for products improvement‚ limited goods are produced‚ and no competition. The market system allows the invisible hand to coordinate the resources of household and business. Another interesting concept is the Circular Flow Model of the dynamics of market economy. This model explains how resources flow from households to businesses through the resources market‚ and how businesses sell products to households through the product market. In addition‚ monetary flows or
Premium Economics Supply and demand Economy
Trade World Organisation (WTO) is the only global international organisation dealing with the rules between nations . The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech The Agreement‚ replacing the General Agreement on Tariffs and Trade (GATT)‚ which commenced in 1948. The organization deals with regulation of trade between participating countries by providing
Premium World Trade Organization International trade