Please answer as much as you can, thank you!.

20. The next year revenue budget for Josiah's department calls for an increase of 20%. After a great deal of research, he has determined that the price elasticity for his best-selling products is 1.25. In this situation, Josiah should take which following action in order to increase revenue from these products?

Group of answer choices

a. Keep the prices the same

b. Offer a buy one/get one sale

c. Decrease prices

d. Raise prices

22. Unfortunately, Eastside Retail Store's business has been falling off since Megastore came to the neighborhood. Chris, the sole owner, has to decide whether he will close the store or not. Two items are especially weighing in the decision. He has personally guaranteed a lease that has 2 years remaining on it (at $5,000 per month). He should keep the store open if the margin, not considering this lease, is at least

Group of answer choices

a. $1 after paying himself a market wage

b. Enough to cover the rent

c. $30,000

d. $1 with his foregoing current compensation

25. Christine is a product manager for a large consumer products company. She is responsible for only one product, but it is extremely important for the company. If her research shows that the price elasticity for that product is 0.70, she should ___________ in order to increase revenue.

Group of answer choices

a. Keep the price the same

b. Give incentives to the salespeople to sell more

c. Decrease the price

d. Raise the price