You Are the Sales Manager for a Software Company and Have

question 13

Multiple Choice

You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than 1. In order to increase total revenues from that product, you should

• A) increase the price of the software.
• B) decrease the price of the software.
• C) hold the price of the software constant.
• D) increase the supply of the software.

---

Definitions:

Current Liabilities

Obligations that a company must pay within the coming year or within its normal operating cycle, indicating the company's short-term financial responsibilities.

Non-current Liabilities

Long-term financial obligations listed on a company's balance sheet that are not due within the next 12 months, such as loans, leases, and bond repayments.

Canada Pension Plan

A mandatory retirement savings plan to which employees and employers contribute, providing participants with a predictable income upon retirement.

Payroll Register

A payroll register is a record that details the wages, deductions, and net pay of all employees for each pay period.