<span>If demand increases by 100% in one year, gummy land has two options. First, they could increase their staff and production hours to meet the increased demand. Second, if demand is increased by 100%, gummy land needs to take a look at a supply and demand chart and decide if increasing the price may slow demand by a little bit but will still increase profits. They need to look at an equilibrium price and decide which of the two options makes the most sense economically. If their demand increased by such a large number, it would be reasonable to assume that their demand would not decrease significantly with a slight increase in price.</span>
Answer: 76.3%
Explanation: Gross profit margin is calculated by dividing the gross profit (difference between revenue and cost of goods sold) by revenue (Net sales). It could be expressed as a percentage by multiplying by 100.
Gross profit margin = (gross profit ÷ net sales) * 100
Gross profit = $3,320
Net sales = $4,350
Gross profit margin = ($3,320÷$4,350) * 100
0.763 * 100 = 76.3%
They would need way more credit and more money to pay for it
Communities resist programs to educate the public about hurricane hazards because they don't believe they have a hurricane problem; it hasn't happened as long as they can remember.
Leo is using INTEGRATED MARKETING COMMUNICATION. This is a type of promotional strategy that combines all the available advertising techniques in order to achieve the maximum consumers' response possible. Integrated marketing major aim is to present positive brand image of the company to the consumers in order to meet the marketing goals of the company.
