Suppose Price Increases from $7

question 34

Multiple Choice

Suppose price increases from $7.00 to $13.00. Using the mid-point formula, what is the percentage change in price?

• A) −0.6 = −60 percent
• B) 0.6 = 60 percent
• C) 0.7 = 70 percent
• D) 1.30 = 130 percent

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Definitions:

SWOT Exercise

A strategic planning tool used to identify and analyze the Strengths, Weaknesses, Opportunities, and Threats related to a project, organization, or business.

Strengths

The natural talents and abilities that individuals possess which empower them to perform effectively in certain areas.

Weaknesses

Characteristics or conditions that put an individual or organization at a disadvantage relative to others, potentially hindering success or performance.

Opposition

Refers to resistance or disagreement with a particular idea, policy, or entity.