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please help me answer these multiple choice questions Pricing: McQ A shopkeeper finds that if he sets the price of a particular product at $9.00
please help me answer these multiple choice questions
Pricing: McQ A shopkeeper finds that if he sets the price of a particular product at $9.00 per unit he sells. on average, 150 units of the product per month. However, at a price of $10.00 per unit, he sells an average of 110 units per month. What is the price elasticity of demand for the Posquade Co produces a single product. Budgeted sales volume for the next three month 2. periods is 50,000 units. Production capacify is 18000 units per month, The following per unit information is available: A potential overseas customer has requested a price tor an initial order of 3000 units over the neat three months. Assuming that Posquade Co wishes to ensure that short-term profit is not reduced it the enquiry becomes an order. what is the minimum price per unis that should be quoted? ABCD100$705146$160$ The following statements have been made about pricing policies: (1) A pricing policy which is appropriate when the price sensithity of demand is unknown. (2) A priking policy which is likelv to discourage competitors from entering the market. 3. (3) A priking policy which is likely to encourage competitors to enter the market. Which of the above statements can apply to market skimming? ABCD1and21and32and3onlyAllthreestatements 4. The cost per unit of a product manufactured by Arbor Co is: Arboe uses marginal cost plus peicing. If Arbor seeks a 40% margin on sales, what is the selling price of the product? ABCD50,4560567,2580$ The following statements have been made about sales pricing policies: (1) Market skimming will lead to a constant price throughout the product's life. (2) Cost plus pricing will lead to profit being maximised. 5. Which of the above statements is/are true? ABCD1only2onlyNeither1nor2Both1and2 Edmonds Co has established its cost and demand functions. Total cost at various levels of 6. output and the selling price that will achieve these levels of demand are as follows: At what level of demand is profit maximised Step by Step Solution
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