Charming Inc

question 53

Multiple Choice

Charming Inc.is a high-end perfume manufacturer.It slashed the price of its least popular fragrance "Energy" by 5 percent during the last fiscal year.This resulted in a 20 percent increase in the sales of Energy in that time period compared to the year before.Estimate the price elasticity for Energy.

• A) 4
• B) 5
• C) 20
• D) 100

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Definitions:

Newsletters

Regularly distributed publications focusing on one main topic of interest to its subscribers.

Development

Development in a workplace context refers to the process of improving skills, knowledge, and competencies of employees through training and education.

Knowledge

Information, understanding, or skills acquired through experience or education; the theoretical or practical understanding of a subject.

Client and Customer Demands

The needs or expectations that clients or customers have from products, services, or businesses.