Order the answer to: Caterpillar Tractor, one of the largest producers of farm machinery

Assignment Help business-economics Order the answer to: Caterpillar Tractor, one of the largest producers of farm machinery

business-economics

Order the answer to: Caterpillar Tractor, one of the largest producers of farm machinery

Question Caterpillar Tractor, one of the largest producers of farm machinery in the world, has hired you to advise it on pricing policy. One of the things the company would like to know is how much a 5% increase in price is likely to reduce sales. What would you need to know to the company with this problem? Explain why these facts are important.
Subject business-economics
Ready to try a high quality writing service? Get a discount here