Question
. You increased rates by 10% across all services, and profits decreased by 5%. Cost per unit remained constant. What could account for this change?
. You increased rates by 10% across all services, and profits decreased by 5%. Cost per unit remained constant. What could account for this change? A) Positive price elasticity B) Negative price elasticity C) High proportion of fixed-price payers D) High proportion of cost payers
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David E. Stout, Gary Cokins, Kung Chen
4th Edition
0073128155, 978-0073128153
