Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nitya sells bracelets at the Eaton Centre and is exploring introducing dynamic pricing depending on the time of the day. Nitya will decrease prices by

Nitya sells bracelets at the Eaton Centre and is exploring introducing dynamic pricing depending on the time of the day. Nitya will decrease prices by 12% from 9am to 12pm and increase prices by 30% from 5pm to 9pm. As a result of the change, Nitya expects sales to go from 100 to 112 from 9am to 12pm and from 100 to 70 from 5pm to 9pm. How will the change impact revenues? A Revenues will remain the same B Revenues will increase C Revenues will decrease D Profits will not be affected

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

For Investing And Earning In The Digital Currency Market Simple Bitcoin

Authors: Marco Cavicchi ,Easy E-Book

1st Edition

979-8395459732

More Books

Students also viewed these Finance questions