MKTG Mini test 7-11

MKTG Mini test 7-11 - MKTG043101-F10R Mini test 7...

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1 Marks: 1 Choose one answer. a. $10.25 b. $4.70 c. $5.30 d. $10.50 e. $10.00 2 Marks: 1 Choose one answer. a. leading market share b. no competition c. social responsibility d. profits e. value. 3 Marks: 1 Choose one answer. a. A small change in price will have no effect on quantity demanded b. Demand will increase at all price levels c. A small change in price will lead to a large change in quantity demanded. d. Demand will decrease at all price levels e. A small change in price will lead to a small change in quantity demanded 4 Mini test 7 Review of attempt 11 Finish review Started on Friday, October 22, 2010, 10:31 AM Completed on Friday, October 22, 2010, 10:41 AM Time taken 9 mins 48 secs Grade 7 out of a maximum of 10 ( 70 %) Last year, BruceCo sold 1000 coffee cups for $10 each. This year, the company is planning on selling 1500 coffee cups. In order to cover the additional investment they will charge $10.50 for the first 500 cups, $10.25 for the second 500 cups and $10 for the last 500. Each cup costs $4.70 to produce. What is the average revenue? Marks for this submission: 0/1. In order for a firm to have an increase in market share as a pricing objective, it is assumed that the firm has?
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