You Are the Sales Manager for Montevideo Productions, Inc

question 62

Multiple Choice

You are the sales manager for Montevideo Productions, Inc., and you are planning to review the prices you charge clients for television advertisement development. You currently charge each client an hourly development fee of $2,000. With this pricing structure, the demand, measured by the number of contracts Montevideo signs per month, is 25 contracts. This is down 10 contracts from the figure last year, when your company charged only $1,000. Construct a linear demand equation giving the number of contracts q as a function of the hourly fee p Montevideo Productions, Inc., charges for development.

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Definitions:

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Cross-functional Teams

Teams composed of members from different departments within an organization, working together to achieve a common goal.

Effectiveness

The degree to which objectives are achieved and the desired results are obtained efficiently.

Shared Mental Models

Shared Mental Models are the knowledge structures held by members of a team that enable them to form accurate explanations and expectations about tasks, team processes, and each other's behaviors.