Question
As the owner of a lunch dinner you know that you sell on average 180 lunches daily. for an average price of RM 8.95. you
As the owner of a lunch dinner you know that you sell on average 180 lunches daily. for an average price of RM 8.95. you are considering raising prices so that the average lunch will run RM10.95 you know from previous industry analyses that when the average prices rm10.95, restaurants sell on average 144 lunches. Assuming that you respond like the industry, should you raise your prices? why or not why not?
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
