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Phil and Maryanne Would Like to Provide Conversion Advice to the TRI-COL

question 63

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Phil and Maryanne would like to provide conversion advice to the TRI-COL company when it converts the manufacturing and chemical mixing computer system. TRI-COL produces a very dangerous chemical (limit the risk) used to defoliate the rainforest. What conversion location and style should they recommend?


Definitions:

Prices

The budgetary figure anticipated, demanded, or paid out for something.

Monopolist

A single seller in a market who has significant control over a particular product or service, often with the ability to influence prices.

Total Revenue

The cumulative amount of proceeds a company collects from merchandise sales or service offerings over an established period.

Price Per Unit

The cost assigned to a single unit of a product or service.

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