Sony Is Considering a 10 Percent Price Reduction on Its

question 45

Multiple Choice

Sony is considering a 10 percent price reduction on its LCD television sets.If the demand for sets in this price range is inelastic:

• A) revenues from LCD sets will remain constant.
• B) revenues from LCD sets will decrease.
• C) revenues from LCD sets will increase.
• D) the number of LCD sets sold will decrease.

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Definitions:

Accountable

Being responsible or answerable for one's actions or decisions, often within a professional or organizational context.

Transitional Matrix

A chart that lists job categories held in one period and shows the proportion of employees in each of those job categories in a future period.

Job Categories

Classifications of employment based on similar duties, responsibilities, and the level of skill or education required.

Outsourcing

Contracting with another organization (vendor, third-party provider, or consultant) to provide services.