Bin Yao developed a new type of ceramic which has been growing its sales in the petrochemical

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Bin Yao developed a new type of ceramic which has been growing its sales in the petrochemical industry. He is considering raising prices by 24% but is concerned that some of his current customers will seek cheaper alternatives. In order to meet his total revenue growth target of 8%, what is the maximum percentage decline in sales volume he can afford? Your answer should be expressed in percentage form rounded to the nearest decimal place e.g. a 10.4% decrease should be expressed as 10.4

Posted Date: May 10, 2024 02:18 AM

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Bin Yao developed a new type of ceramic which has been growing its sales in the petrochemical

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Finding the Maximum Affordable Sales Decline Lets denote the following P Initial price per unit Q In... View the full answer

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