Many Successful,growing,and Profitable Businesses Fail Because They

question 133

Multiple Choice

Many successful,growing,and profitable businesses fail because they:

• A)become insolvent.
• B)don't have adequate cash to meet the sales.
• C)don't have management expertise.
• D)Both A and B

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Definitions:

Price-elasticity Coefficient

A measure that calculates how much the quantity demanded of a good responds to a change in its price, quantitatively.

Revenues

The total income generated by a company from its business operations, such as sales of goods or services, before any costs or expenses are deducted.

Cut the Price

To reduce the selling price of a product or service.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good changes in response to a change in its price.