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Violet Sales Corp, reports the year-end information from 2018 as follows:
Violet is developing the 2019 budget. In 2019 the company would like to increase selling prices by 3.5%, and as a result expects a decrease in sales volume of 14%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost.
Should Violet increase the selling price in 2019?
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An individual's own estimation of their value or merit.
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Persuade
To convince someone to do or believe something through reasoning or argument.
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