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Unformatted text preview: 1 Marks: 1 Choose one answer. a. You can increase revenues by cutting prices. b. You can increase profits by cutting prices c. You can increase revenues by increasing prices d. You can decrease revenues by increasing prices e. You can decrease profits by decreasing prices 2 Marks: 1 Choose one answer. a. 1100 b. cannot be determined with this information c. 785 d. 916 e. 2750 3 Marks: 1 Choose one answer. a. Consumer tastes b. Availability of similar products c. Consumer income d. All of these affect what consumers want to buy. e. Price of similar products Mini test 7 Review of attempt 6 Finish review Started on Wednesday, October 20, 2010, 04:57 PM Completed on Wednesday, October 20, 2010, 05:07 PM Time taken 9 mins 54 secs Grade 7 out of a maximum of 10 ( 70 %) Price elasticity is the slope of the demand curve. When price elasticity is LOW? Marks for this submission: 0/1. BruceCo is planning on selling coffee cups for $14 each. The company can buy the cups for $2.00 and have them printed for $1.50. The package costs fifty cents. There is a one-time set up charge from the printer of $1,000. In order for the project to go forward, the company needs to show a $10,000 profit. How many cups of coffee will BruceCo have to sell in order for this project to becompany needs to show a $10,000 profit....
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This note was uploaded on 02/23/2012 for the course MKTG 431 taught by Professor Brucerobertson during the Fall '07 term at S.F. State.
- Fall '07