The main difference between a matrix-style organization model and a cross-functional team is: Question 6 options: the matrix model has a limit on the number of functional units who send an expert to join the team, whereas the cross-functional team does not. the matrix model is a temporary arrangement, whereas the cross-functional team is a more permanent arrangement. the matrix model shares leadership responsibilities within the group, whereas the cross-functional team does not. the matrix model is a more permanent arrangement, whereas the cross-functional team is a temporary arrangement.

Answers

Answer 1

Answer:

the matrix model is a temporary arrangement, whereas the cross-functional team is a more permanent arrangement.

Explanation:

The matrix model is a temporary setting where participants report back to their functional unit upon completion of the project. The cross-functional team is a more stable system where the same team works on multiple projects.so correct option is the matrix model is a temporary arrangement, whereas the cross-functional team is a more permanent arrangement.

Related Questions

What are the possible problems for readers when companies market their goods on social media? How do social media companies make money? Can individuals keep their information private from marketers when they use social media?

Answers

Answer:

I want to know to

Explanation:

What is product positioning?

Answers

Answer:

Product positioning is a form of marketing that presents the benefits of your product to a particular target audience

Answer:

Description Positioning refers to the role that a brand occupies in the minds of the consumers and how it varies from the competitors' goods and from the brand recognition concept.

Explanation:

(02.01 LC)

Match each term with its description.

Match Term Definition
Demand A) Amount of money left over after the business pays its expenses.
Price B) The production, purchase, and sale of goods in a world.
Profit C) The amount paid for goods or services.
Competition D) The number of goods and services that consumers want to buy.
Global economy E) Rivalry in supplying or acquiring an economic service or good.

Answers

Answer:

See below

Explanation:

Demand A): The number of goods and services that consumers want to buy. Demand is computed in relation to a specified price per period.

Price B): The amount paid for goods or services. In most cases, price is the monetary value attached to an item.

Profit C): Amount of money left over after the business pays its expenses. Profits are achieved when revenues or income are more than the costs.

Competition D): Rivalry in supplying or acquiring an economic service or good. Businesses compete to gain customers, a bigger market share, and more profits.

Global economy E) The production, purchase, and sale of goods in a world. Technological and infrastructure development has made trading in the world much easier and faster.

How do supply and demand help determine the price of a product?
A. By pressuring sellers to lower prices on products to the point that
most buyers can afford to buy them
B. By ensuring that products with a high level of demand will not
suffer from the substitution effect
C. By forcing buyers to accept higher prices so that sellers keep a
large supply of most products
D. By creating a balance between buyers who want low prices and
sellers who want high prices

Answers

Answer:

D. By creating a balance between buyers who want low prices and

Explanation:

Supply and demand help in determining the price of a product by creating a balance between buyers who want low prices and sellers who want high prices.

What is demand?

Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame. Demand is based on preferences and tastes, which can be explained in terms of the price, advantages, profit, and other factors.

According to the law of demand, if a product's price increases while other parameters remain the same, the quantity required of the product decreases. In other words, if the price of the good rises, the total amount of demand falls. The reason for this is that if customers' opportunity costs rise, they may choose to buy something else instead or decide not to buy it at all. Really intriguing ideas are the law of demand and its exceptions.

What is supply?

The quantity of goods or services a provider is willing and able to offer to the market for a given price is referred to as supply in the study of economics. Stock availability and the factors influencing the supply have an impact on the willingness and capacity to make products available to the market. A change in prices also affects the equilibrium of the market. More supplies will be available as prices rise, but the converse will occur as prices fall.

The supplier's response to shifting market pricing is explained by the law of supply. In the simplest terms, suppliers typically maximize profits by raising the number of products delivered when there is a change in the price of a specific good or service.

The market's variables must all remain consistent. Instead, when prices decline, they have a tendency to shift supply to the opposing side until equilibrium is reached.

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Which of the following is the appropriate rank of sectors (from lowest to highest percentage) of the U.S. Gross Domestic Product (GDP)?


agriculture, services, industry

agriculture, industry, services

industry, agriculture, services

services, industry, agriculture

Answers

Answer:

B). Agriculture, Industry, Services.

Explanation:

The United States is a highly developed country owning a mixed economy. Its GDP and net wealth makes it the largest economy of the world. The economy of the United States in divided into three major sectors i.e. Agriculture or the primary sector, the Industrial sector, and the service sector. The service sector contributes most to the US economy with 68% of its contribution. The primary sector contributes 5.4% to the GDP and the industry with 26.6% of its contribution to the development of U.S. economy. Thus, option B is the correct answer.

Fiscal policy describes a government's actions related to:
O A. punishing crimes.
O B. declaring wars.
O C. taxing citizens.
OD. printing money.

Answers

When a government latkes any action or makes any law that comes under the policy and when a government takes action which is related to taxing the citizens, it is fiscal policy. Hence, Option C is correct.

What is government?

Since ancient times, for the smooth working of the nation, there is a body which is consisted of a group of people who works for the betterment a development o the nation. The work or the duty of these people is to prepare policies, form rules, pass bills that will become acts, and many more. The name of the group of such kind of people is known as government.

Just like other people, they also work from a particular place which is known as the minister’s office. These people have sometimes direct authority to take any action while sometimes they have to take permission and that is given by the voting system. These are the institutions that are formally prepared and that process is known as election.

Thus, Option C is correct.

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An apparel company has introduced three different varieties of shoes at different price points. a company that produces shampoos have now introduced dishwashing liquids in the market. a shoe company sells its floaters at a price that does not even cover its production cost. a chocolate company introduces its new range of chocolates at a discounted price for limited stock only. loss leadership arrowRight promotional pricing arrowRight product line pricing arrowRight brand extension

Answers

Answer:

An apparel company has introduced three different varieties of shoes at different price points. [Product line pricing]

A company that produces shampoos have now introduced dishwashing liquids in the market. [Brand extension]

A shoe company sells its floaters at a price that does not even cover its production cost. [Loss leadership Pricing]

A chocolate company introduces its new range of chocolates at a discounted price for limited stock only. [Promotional pricing]

Explanation

Product Line Pricing: This strategy of separating products into various price categories may or may not have anything to do with their cost. It, however, achieves the effect of making one seem of a higher quality than the other.

Brand Extension:

Brand extensions serve the primary purpose of maintaining brand dominance and or relevance in the mind of the consumers.

Loss Leadership Pricing: This strategy is often used to attract the attention of customers. As customers compare the price of this product with similar/competing products, it can even create a mindset with customers that the business has very cheap products. This ultimately leads to more purchases and ultimately an increase in the bottom line of the business. This strategy is seldom used in isolation. The business almost always makes up for this loss relying on the increased volume of sales or by marking up other products slightly.

Promotional Pricing:

There are consumers who are very price sensitive. This strategy by the nature of its design almost always attracts their patronage. Depending on the creativity of the Marketing Officer, this can be used to increase consumer loyalty.

Cheers

Answer:

ANSWER IN FOTO

Explanation:

lol whoever answers this first gets 20! have a great day!!!

Answers

Answer:

hi thank you have a great day

Explanation:

What line will you type an email address on if you want a person's email to remain
private ?

A) Subject
B) осс
C) Blind Carbon Copy
D) Signature

Answers

Answer:

for a persons email to remain private the line you will use is Blind Carbon Copy (BCC)

c.... blind carbon copy

who is the author of "A love story and the three purple hearts?'

Answers

Iris Zenia Solorio? It was pretty recent
Iris Zenia Solorio is the author

E6-14 Analyzing and Recording Sales and Gross Profit with Sales Returns [LO 6-4, LO 6-6] Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah’s Cycles on February 1 for $700 (cost of goods sold of $450). On February 9, Sarah’s Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $110). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required: 1. to 3. Prepare the journal entry to record the sales, Goods returned on February 9 and Cash collected on March 2. 4. Calculate the gross profit percentage for the sale to Sarah’s Cycles. g

Answers

Answer and Explanation:

The journal entries are shown below:

Accounts Receivable $700

          To Sales Revenue $700

(Being the sales revenue is recorded)

Cost of Goods Sold $450

        To Inventory $450

(being the cost of goods sold is recorded)

Sales Revenue $175 ($700 × 1 ÷ 4)

            To Accounts Receivable $175

(Being return inventory is recorded)

Inventory $110

   To Cost of Goods Sold $110

(Being return inventory is recorded)

Cash $525

       To Accounts Receivable $525

(being cash received)

Now the gross profit percentage is

Gross Profit Percentage 35.23%

= (Gross Profit ÷ Net Income)  

= ($700 - $175 - $450 + 110) ÷ ($700 - $175)

= 35.23%

A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 38 ​million, while the forecast was 43 million. A smoothing constant of 0.20 is used. ​a) Using exponential smoothing and given alpha​, the forecast for the month of July​ = nothing million checks received ​(round your response to one decimal​ place). ​b) If the​ check-processing center received 44 million checks in the month of​ July, then using exponential smoothing and given alpha​, the forecast for the month of August​ = nothing million checks received ​(round your response to one decimal​ place). ​c) Exponential smoothing may not be an appropriate method to use for the​ check-processing center​ because: A. the​ check-processing center should observe an increasing trend in its processing requirements. B. the​ check-processing center should observe seasonality in its processing requirements. C. the

Answers

Answer:

Follows are the solution to this question:

Explanation:

In point A:

[tex]\text{Accelerating layering Forecast July= }[/tex][tex](\text{Actual demand of June} \times 0.20) + ( \text{Forecast demand of June} \times (1 - 0.20))[/tex]

[tex]= ( 38 \times 0.2) + ( 43 \times 0.8)\\\\= 7.6+ 34.4\\\\=42[/tex]

In point B:

[tex]\to Forecast \ \ August = (44 \times 0.2) + ( 43.2 \times 0.8)[/tex]

                                 [tex]=8.8+34.56 \\\\=43.36[/tex]

In option C:

Its right choice is to track the seasonality of the processing requirements of the control centre.

If the price of a bottle of orange juice is​ $1.50, then consumer surplus is an amount equal to the area A. under the demand curve and above the​ $1.50 price for each individual who buys and consumes orange juice. B. above the demand curve for each individual who buys and consumes orange juice. C. under the demand curve for each individual who buys and consumes orange juice. D. under the demand curve and above the​ $0.75 price for each individual who buys and consumes orange juice.

Answers

Answer:

A. under the demand curve and above the​ $1.50 price for each individual who buys and consumes orange juice.

Explanation:

Consumer surplus represents the difference between what consumers are willing to pay for a good and the actual sales price of the good. In this case, all the area below the demand curve and above the sales price is considered consumer surplus.

Suppose 2-year Treasury bonds yield 3.3%, while 1-year bonds yield 2.7%. r* is 1%, and the maturity risk premium is zero. Using the expectations theory, what is the yield on a 1-year bond, 1 year from now? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. % What is the expected inflation rate in Year 1? Year 2? Do not round intermediate calculations. Round your answers to two decimal places. Expected inflation rate in Year 1: % Expected inflation rate in Year 2: %

Answers

Answer:

3.90%

1.7%

2.9%

Explanation:

Give the following :

Yield on 2 years Treasury bond (Y2) = 3.3% = 0.033

Yield on 1 years Treasury bond (Y1) = 2.7% = 0.027

r* = risk free rate = 1%

Yield on 1 year bond, 1 year from now :

Compounded yield on yield 1 at 2.7% + Interest on return = compounded yield on 2 years bond :

(1 + 0.027) = yield on year 1

(1 + y) = yield one year from now

(1 + 0.027)¹ + (1 + y)¹ = (1 + 0.033)²

1 + y = (1 + 0.033)² / (1 + 0.027)¹

1 + y = 1.067089 / 1.027

1 + y = 1.0390350

y = 1.0390350 - 1

y = 0.03903

Yield = 0.039 * 100% = 3.90%

Inflation premium = yield rate - Risk free rate - maturity risk premium

Maturity risk premium = 0%

Hence,

For year 1

Inflation premium = 2.7% - 1% - 0% = 1.7%

For year 2:

Inflation premium = 3.9% - 1% - 0% = 2.9%

The ____ section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.

Answers

The statement of work section of the project scope document is where the contractor or project team can state and clarify exactly what is included in the work scope and provide an opportunity to reconsider items that are not stated but that the customer may have forgotten to include in her requirements or RFP.

I hope this helps :)

Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,600. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,550, outstanding checks of $2,100, a NSF check of $800, bank service charges of $35 and the EFT from a customer in payment of the customer's account of $1,600. What was the cash balance on the Egrane's books (before the adjustments for items on the bank reconciliation)? Multiple Choice $18,050 $17,285 $19,150 $20,415

Answers

Answer:

Option B $17,285 is correct the answer.

Explanation:

Computation Table                      

Particular                         Amount

Ending balance        $18,600

Add: Deposit in transit $1,550

Less: Outstanding  $2,100

Add: NSF check         $800

Add: Bank  charges $35

Less: EFT                 $1,600

Cash balance          $17285

Here's the revenue and expenses for the month. Calculate whether Mia had a profit or loss.
MAY ACCOUNTS
CHECKING
$860.00
REVENUE
FIXED EXPENSES
VARIABLE EXPENSES
CARD PURCHASE
$300
SAVINGS
$1,006.68
DOG FOOD
CAT FOOD
PET TREATS
PET SUPPLIES
$3,650
$2,850
$1,650
$1,800
RENT
$2,000
SALARIES
$2,000
UTILITIES
$1,000
PRODUCT STOCK $4,000
TOTAL
$9,950
TOTAL
$9,000
TOTAL
$300
ENTER MIA'S TOTAL PROFIT/LOSS FOR THE MONTH IN THE BOX BELOW, THEN CLICK SUBMIT.
$
SUMIT

Answers

Answer:

Loss

Explanation:

Because she started with 860.00 then ended with 300

Answer:

350

Explanation:

I guessed

E6-15 Allocating Transaction Price to Performance Obligations [LO 6-5] A company separately sells home security equipment and 12 months of system monitoring service for $280 and $560, respectively. The company sells an equipment/monitoring bundle on January 1 for a total price of $990. The monitoring service begins immediately after the equipment is delivered and installed on January 1. Required: Determine the dollars of revenue that should be allocated to the equipment for each bundled sale. Determine the dollars of revenue that should be allocated to the service for each bundled sale. Determine the dollars of Sales Revenue and Service Revenue from the January 1 bundled sale that should be reported in the income statement for the period January 1–31.

Answers

Answer:

    Particulars                                                      Amount

1. Revenue allocated to the equipment              $330

   for each bundled sales

   {$990 * $280 / $280 + $560}

2. Revenue allocated to the service                    $660

   for each bundled sales

    {$990 * $560 / $280 + $560}

3. Sales revenue to be reported in income         $660

   statement

   

    Service revenue to be reported in                    $55

    income statement

     ($660/12)

Why is this app so good

Answers

Answer:

Because It helps me on test cause I'm dumb

Answer:

because it helps us to solve our problems and qll the experts are always there to help us....

help help help help help help help help help

Answers

Answer:

hope it helped you

Explanation:

A niche is the role a species plays in the ecosystem. In other words, a niche is how an organism “makes a living.” A niche will include the organism's role in the flow of energy through the ecosystem. ... An organism's niche also includes how the organism interacts with other organisms, and its role in recycling nutrients.

Answer:

The answer is D, or "News reporting devoted to a targeted portion of a journalism market sector".

Explanation:

Many news companies try finding ways to increase their relevance and revenue sources. This presents a marketable opportunity for publishers to create niche content that individuals cannot find elsewhere.

Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 1,500 Materials costs $ 7,900 Conversion costs $ 3,200 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 7,400 Units completed and transferred to the next department during the month 6,600 Materials costs added during the month $ 111,000 Conversion costs added during the month $ 84,100 Ending work in process inventory: Units in ending work in process inventory 2,300 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 % The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to

Answers

Answer:

$174,781.20

Explanation:

I will do the calculations in 3 stages. You won`t go wrong if you follow these.

Equivalent UnitsTotal Unit CostTotal Cost to be transferred to next department

Calculation of Equivalent Units of Production with respect to Raw Materials and Conversion Costs

1. Raw Materials

Ending Work In Process Inventory (2,300 × 70 %)                          =  1,610

Completed and Transferred to Finished Goods (6,600 × 100%)   = 6,600

Equivalent Units of Production with respect to Raw Materials       = 8,210

2. Conversion Costs

Ending Work In Process Inventory (2,300 × 55 %)                           = 1,265

Completed and Transferred to Finished Goods (6,600 × 100%)    = 6,600

Equivalent Units of Production with respect to Conversion Costs = 7,865

Calculation of Total Unit Cost of Production with respect to Raw Materials and Conversion Costs.

Unit Cost = Total Cost (Beginning + Current) ÷ Total Equivalent Units

1. Materials

Unit Cost = ( $ 7,900 + $ 111,000) ÷ 8,210

                = $14.482 (3 decimal places)

2. Conversion Cost

Unit Cost = ( $ 3,200 + $ 84,100) ÷ 7,865

                = $12.00 (3 decimal places)

3. Total Unit Cost

Total Unit Cost = Materials + Conversion Costs

                         = $14.482 + $12.00

                         = $ 26.482

Calculation of total cost of units completed and transferred from the first processing department to the next processing department

Total Cost = Units Completed and Transferred × Total Unit Cost

                 = 6,600 × $ 26.482

                 = $174,781.20

Income tax that is payable to the federal government is collected by the
.
who ever anwer is marked brainlist

Answers

The Internal Revenue Service (IRS)

Answer:

Guy above is 100% correct, I put IRS and got 5/5!

Explanation:

This information relates to Sunland Co.. 1. On April 5, purchased merchandise from Blossom Company for $26,400, terms 4/10, n/30. 2. On April 6, paid freight costs of $590 on merchandise purchased from Blossom Company. 3. On April 7, purchased equipment on account for $33,900. 4. On April 8, returned $5,200 of April 5 merchandise to Blossom Company. 5. On April 15, paid the amount due to Blossom Company in full. (a) Prepare the journal entries to record the transactions listed above on Sunland Co.’s books. Sunland Co. uses a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Date Account Titles and Explanation Debit Credit 1. choose a transaction date enter an account title enter a debit amount enter a credit amount.

Answers

Answer and Explanation:

The journal entries are shown below:

1. Merchandise inventory $26,400

        To Account payable $26,400

(Being purchase is  recorded)  

2. Merchandise inventory $590

         To Cash  $590

(Being freight paid)  

3. Equipment $33,900

       To Account payable $33,900

(Being purchase of an equipment is recorded)  

4. Account payable $5,200

           To Merchandise inventory $5,200

(Being purchase return is recorded)  

5. Account payable $21,200 ($26,400 - $5,200)

       To Cash $20,352

       To Merchandise inventory ($21,200 × 0.04%) $848

(Being the amount paid is recorded)

a. Sold merchandise for cash (cost of merchandise $20,797). $ 35,200 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $240 ). 400 c. Sold merchandise (costing $3,800 ) to a customer on account with terms n/60. 8,000 d. Collected half of the balance owed by the customer in (c). 4,000 e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 128 Hair World is considering a contract to sell merchandise to a hair salon chain for $13,000. This merchandise will cost Hair World $9,040. What would be the increase (or decrease) to Hair World’s gross profit and gross profit percentage?

Answers

Answer:

The Gross profit will be "18315".

Explanation:

Gross sales  

= [tex]35200+8000[/tex]

= [tex]43200[/tex]

Less:

Sales return

= [tex]-400[/tex]

Less:

Sales allowance

= [tex]-128[/tex]

The net sales will be

= 42672

So,

⇒  Cost of goods sold = [tex]20797+3800-240[/tex]

                                      = [tex]24357[/tex]

⇒  Gross Profit = [tex]Net \ Sales-Cost \ of \ goods \ sold[/tex]

                          = [tex]42672-24357[/tex]

                          = [tex]18315[/tex]

What are the activities that should take place during the performing stage Business studies

Answers

Answer: See explanation

Explanation:

According to Tuckman, he believed that there are five developmental stages for every team which are:

1. forming stage

2. storming stage

3. norming stage

4. performing stage

5. adjourning stage.

The performing stage involves the stage at which there's confidence and motivation among the team members and they can actually work on the project without being supervised.

At this stage, members have a strong relationship and readily assist each other. Tasks are being delegated to the group by the leader of the team. Also, when there are conflicts, they are easily and quickly resolved.

An employer can refuse to hire you if you refuse a drug screening test or background check.

Answers

Answer:yes

Explanation:

Answer:

true

Explanation:


If the value of the goods and services a country produces stays the same
while its population increases, which statement must be true?
O A. The country's unemployment rate has decreased.
O B. The country's total GDP has increased.
O C. The country's per capita GDP has decreased.
O D. The country's rate of inflation has increased.
SUBMIT

Answers

Answer:

C

Explanation:

If the value of the goods and services a country produces stays the same while its population increases The country's per capita GDP has decreased. Thus the correct option is C.

What is a service?

Services are referred to as a type of goods that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.

Final or finished goods are products that are sold in the market to satisfy buyers. This item can be both a good and a service, with a good being something tangible and a service being something intangible.

The output from production and sales within the nation is used to calculate GDP. When computing GDP, exports are added because they represent money entering the market, and imports are deducted because they represent money leaving the market.

Therefore, option C is appropriate.

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I'LL give brainlest to whoever can answer this question

Answers

Answer:it would be c

Explanation:

Answer:

answer is C

Explanation:

Budgeting for Needs
Select the items that are needs from your credit card statement.
CREDIT CARD STATEMENT
Last Month


Groceries$200

Movie rentals$15

Concert tickets$120

Internet services$60

Fitness class$35

Go-kart racing$50

Answers

definitely groceries!
internet services maybe especially during a pandemic

hope this helps

The items that are needed from your credit card statement are Groceries $200, Internet Services $60 and Fitness Class $35. The correct options are a, d and e.

What is a credit card?

A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.

Credit cards impose the condition that cardholders pay back the borrowed money, plus any applicable interest, as well as any additional agreed-upon charges, either in full by the billing date or over time.

In addition to the standard credit line, the credit card issuer may also grant a separate cash line of credit to cardholders, enabling them to borrow money in the form of cash advances that can be accessed through bank tellers, ATMs, or credit card convenience checks.

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Bob sells tires. He knows that his weekly sales drop if he increases the unit price p (in dollars). The weekly sales are given by an unknown function N(p). His weekly revenue is R(p)=pN(p). Bob is currently selling tires for 100 dollars each. His weekly sales are running at 120 tires per week, so N(100)=120. His marketing department estimates that he will lose 2 sales per week for each 10 dollar increase in unit price, so N′(100)=−0.2. Estimate Bob's increase in weekly revenue for each one dollar increase in tire price.

Answers

Answer:

Increase in weakly revenue = $9.8

Explanation:

Price (P) = 100, Demand or Sales N (P) = 120.

So revenue R(P) = P x N(P) = 120 x 100 = 120000

Given : 2 sales per week lost for 10 units increase in price.

New price  (P') = 110 , New Demand or sales N' (P) = 118

So new revenue R' (P) = P' x N' P = 110 x 118 = 12980

Change in Total revenue due to 10 units price rise = 12980 - 120000 = 980

So, change in total revenue due to one unit price rise = 980/ 10 = 9.8

Increase in weakly revenue = $9.8

Revenue refers to money and it is generated from normal business operations, Also it is calculated as the average sales price times the number of units sold.

Revenue

Price (P) = 100, Demand or Sales[tex]N (P) = 120.[/tex]

So The revenue is [tex]R(P) = P x N(P) = 120 x 100 = 120000[/tex]

Then Given information are: 2 sales per week lost for 10 units increase in price.

Now the New price is[tex](P') = 110[/tex] , New Demand or sales[tex]N' (P) = 118[/tex]

So new revenue[tex]R' (P) = P' x N' P = 110 x 118 = 12980[/tex]

Change in Total revenue due to 10 units price rise =[tex]12980 - 120000 = 980[/tex]

Thus, It is changed in total revenue due to one unit price rise = [tex]980/ 10 = 9.8[/tex]

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