​The Owner of a Bakery Decides to Drop the Price

question 13

Multiple Choice

​The owner of a bakery decides to drop the price of lemon cakes by 5%,how much does quantity sold have to rise to stop the revenue from decreasing

• A)​2%
• B)3%
• C)4%
• D)​5%

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Definitions:

SMART Criteria

A set of guidelines for setting clear, attainable objectives, standing for Specific, Measurable, Achievable, Relevant, and Time-bound.

Specific

Specific refers to clearly defined, precise, and explicit details or criteria that leave no room for ambiguity.

Measurable

Capable of being quantified or precisely assessed, often through numeric indicators or specific observations.

Evaluation

The process of assessing or determining the value, quality, or effectiveness of something through analysis and comparison.