Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have developed a self-study certification system for those who need credit hours for recertification by your state's social welfare office. The system operates

image

You have developed a self-study certification system for those who need credit hours for recertification by your state's social welfare office. The system operates at virtually no cost, i.e., there is no margi cost. A marketing research team has assembled the following sales information. You are researching the options for pricing the courses. Your goal is to achieve maximum revenue to establish funding to maintain and update the system to reflect annual policy changes in licensing requirements. Complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment prices. Online Self Certifications for Social Work License Segment 1 Segment 2 Segment 3 Segment 4 Customers 1000 1000 1000 1000 Certification in Online Counseling $190 $150 $95 $35 TR Counseling a b d Certification as a Group Home Counselor $70 $90 $160 $195 TR Group Home e f g h Bundle $260 $240 $255 $230 TR Bundle 4a 4b 4c 4d

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Okay here are the calculations to determine total revenue at different price points Online Certifica... 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_2

Step: 3

blur-text-image_3

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

Auditing and Assurance Services Understanding the Integrated Audit

Authors: Karen L. Hooks

1st edition

471726346, 978-0471726340

More Books

Students also viewed these Economics questions

Question

How does aldosterone modify the chemical composition of urine?

Answered: 1 week ago