Answer:
Place Marketing
Explanation:
Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.
Answer:
The large application should be produced first by management in order to incorporate short run profit maximizing strategy.
Explanation:
In order to maximize profit in the short run by management, we need to calculate the unit profit per machine hour for each appliances. Using the following formulae, as shown below:
Unit Profit / Machine-hours per unit = Unit Profit per Machine hour
<u>Small Application</u>
40 / 20 = $2 per machine hour
<u>Medium Application</u>
115 / 40 = $2.875 per machine hour
<u>Large Application</u>
340 / 100 = $3.4 per machine hour
As per the above calculation the large application gives the highest profit per machine hour so should be produced first. Afterwards if any machine hour is left then medium application should be produced second and finally, small application third.
Answer: (1) 700 pizzas
(2) Its revenue increases by $2600.
Explanation:
Given that,
price elasticity of demand for his pizza = -4
Percentage change in price = 10%
Initial Quantity,
= 500 Pizzas
Elasticity of demand = 
-4 = 
= -4 × 0.1
= 0.4
= 0.4
∴ 
= 700
Initial price, 
= $20
Changed price, 
= $18
Revenue at t = 0
= 500 × 20 =$10000
Revenue at t = 1
= 700 × 18 = $12600
Therefore, from the above calculations it was seen that his revenue increases by ($12600 - $10000)= $2600 and its sales increases to 700.
Answer:
Help a friend finish her college application
Explanation:
All these actions will help me activate my network :-
- Ask for an informational interview at your favorite company
- Get coffee with an alumnus from your high school
- Read a detailed book about your dream job
Except :-
- Help a friend finish her college application
