question archive Apol Company has released its new A-phone in the market with two variants with suggested retail prices of P 20,000 and P 25,000 respectively
Apol Company has released its new A-phone in the market with two variants with suggested retail prices of P 20,000 and P 25,000 respectively
Subject:AccountingPrice: Bought3
Apol Company has released its new A-phone in the market with two variants with suggested retail prices of P 20,000 and P 25,000 respectively. Many consumers have been waiting for this model because of its unique and more advanced features. You are working as a marketing manager of the A- store, one of the Apol Company's dealer stores. As the marketing manager, it is your responsibility to maximize the sales and profit for the succeeding months, making sound recommendations regarding the pricing of the product. In the first month of its sale, A-store have sold 30 units each variant of A-phone. In the following month, it has been observed in the first week that for every Php 500 increase in the suggested retail price, 3 fewer customers will not buy the product. The company also ask you: "What should be the price ceiling for each succeeding month for them to have the monthly sales to a minimum of P 1,000,000 for each variant?" The proposal demonstrates application of the concepts of quadratic equations, accuracy of the computations, and practicality of the proposal.
