Hercules Films Is Deciding on the Price of the Video $q = 10,000 - 200 p$

question 6

Multiple Choice

Hercules films is deciding on the price of the video release of its film "Son of Frankenstein". Its marketing people estimate that at a price of p dollars, it can sell a total of $q = 10,000 - 200 p$ copies. What price will bring in the greatest revenue Round your answer to the nearest cent

• A)$25.75
• B) $25.00
• C) $37.50
• D) $24.50
• E) $77.25

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Definitions:

Direct Marketing

A form of advertising where companies communicate directly with customers through various mediums, such as mail, email, or phone, without intermediaries.

Pretesting

The process of evaluating the effectiveness and potential impact of a marketing message or campaign before its full launch.

Marketing Communications

The various methods and channels companies use to communicate with their market and convey their marketing messages.

Decoded Properly

Correct interpretation or conversion of encoded or encrypted data into a readable format.