Question 1172221: Apple company has released its new i-phone in the market with a suggested retail price of PHP 35,500. Many customers have been waiting for this model because of its unique and more advance features. You are working as a marketing manager of the i-store, one of Apple company's dealer sources. As the marketing manager, it is your responsibility to maximize the sales and profit for four months, making sound recommendations regarding the pricing of the product. It has been observed in the 3rd week of the first month that for every PHP 300 increase in the suggested retail price, 3 fewer customers will not buy the product. The proposal will be presented to the board of trustees of the company.
Answer by ikleyn(52769)   (Show Source):
You can put this solution on YOUR website! .
Apple company has released its new i-phone in the market with a suggested retail price of PHP 35,500.
Many customers have been waiting for this model because of its unique and more advance features.
You are working as a marketing manager of the i-store, one of Apple company's dealer sources.
As the marketing manager, it is your responsibility to maximize the sales and profit for four months,
making sound recommendations regarding the pricing of the product. It has been observed in the 3rd week
of the first month that for every PHP 300 increase in the suggested retail price, 3 fewer customers
will not buy the product. The proposal will be presented to the board of trustees of the company.
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The better English is, the worse is the content /(the formulation).
I observe this consistent pattern many times at this forum.
An equilibrium (an optimum) is somewhere in between.
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