algebra

Apple Company has releases its new i-phone in the market with a suggested retail price of Php 35, 500. Many consumers are waiting for this model because of its unique and more advanced features. You are working as a marketing manager of the i-store, one of its dealer stores. As the marketing manager , it is your responsibility to maximize the sales and profit for four months, making sound recommendations regarding the pricing of the product. It has been observed in the 3rd week of the first month that for every Php 300 increase in the suggested retail price, 3 fewer customers will not buy the product. The proposal must be accurate in computations, and represented using a model.

  1. 👍 0
  2. 👎 0
  3. 👁 79

Respond to this Question

First Name

Your Response

Similar Questions

  1. business

    Im post this question again. Please, let there be some response You are employed in the marketing department of The Mobile Phone Network, a retail chain selling mobile phones. The company wants to find out more about its

    asked by VICTOR on February 16, 2009
  2. algebra

    please check and correct if needed. thanks problem: you have coupon of $50 off your telephone purchase of $100 or more at bell store. a. write a function relating phone purchase price after coupon, y, to the retail price, x . give

    asked by ann on February 12, 2012
  3. Math

    Please show me how to set it up and to solve: A cell phone company sells about 500 phones each week when it charges $75 per phone. It sells about 20 more phones per week for each $1 decrease in price. The company's revenue is the

    asked by Jane on February 11, 2012
  4. Math

    Assume that the retail price of the product is $85, the cost is $47, and the expenses are $13. Compute a new sale price using the formula for markdowns, assuming a 15 percent discount. This is what I did, but I don't know where to

    asked by Justine on December 7, 2015
  5. algebra

    A company's profit on phone sales is modeled by the function P(x)= -x^2+90x+497,975 where x is the price of a phone. To the nearest dollar, what price gives the maximum profit? Show all work. The answer is $752 per phone, but I

    asked by neal on December 14, 2009
  6. managment science

    Supposed you have been hired as a Marketing Manager in a Multinational Company which is dealing in high tech products. Company wants to launch a cell phone in the market which can measure the Sugar level and Heart beat of the

    asked by mehboob on January 11, 2011
  7. statistics

    In a local cellular phone area, company A accounts for 70% of the cellular phone market, while company B accounts for the remaining 30% of the market. Of the cellular calls made with company A 2% of the calls will have some sort

    asked by iyra on February 9, 2010
  8. business mgmt

    A company looking for venture capitalist funding is deciding on the design of its operating system for its new phone. The first option is to simply buy the OS from another company. This would result in sales of either 10,000 units

    asked by jeannie on April 11, 2015
  9. economy

    consider a perfectly competitive market in which all firms have the same costs. choose the statement that is incorrect a)the market demand is elastic at the market price b)each firm takes the market price as given and produces its

    asked by bryan thomas on July 6, 2013
  10. Microeconomics

    A company is working on the market of perfect competition. Its cost function TC=Q^2-4Q+64 and demand function on the product that company produces is Q=400-20P. Calculate: a. optimal quantity of production, at which company

    asked by Magda on September 5, 2010

More Similar Questions