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A firm can maximise its sales either by selling low quantity at a higher price or by selling higher at a lower price ? Both yields the same revenue to the firm. Which one in youropinion will be right for him ? |
Answer» <html><body><p></p>Solution :In my opinion he should sell a higher quantity by reducing <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> because by doing so he is following a policy which is socially desirable. It will be affordable for all the consumers as his <a href="https://interviewquestions.tuteehub.com/tag/revenues-25932" style="font-weight:bold;" target="_blank" title="Click to know more about REVENUES">REVENUES</a> are not falling using this strategy, his business <a href="https://interviewquestions.tuteehub.com/tag/ethics-975961" style="font-weight:bold;" target="_blank" title="Click to know more about ETHICS">ETHICS</a> will <a href="https://interviewquestions.tuteehub.com/tag/also-373387" style="font-weight:bold;" target="_blank" title="Click to know more about ALSO">ALSO</a> be promoted.</body></html> | |