Order the answer to: Revenue at a major cellular telephone manufacturer was $1.4 bill

Homework Assistance business-economics Order the answer to: Revenue at a major cellular telephone manufacturer was $1.4 bill

business-economics

Order the answer to: Revenue at a major cellular telephone manufacturer was $1.4 bill

Question Revenue at a major cellular telephone manufacturer was $1.4 billion for the nine months ending March 2, up 97 percent over revenues for the same period last year. Management attributes the increase in revenues to a 137 percent increase in shipments, despite a 17 percent drop in the average blended selling price of its line of phones. Given this information, is it surprising that the company’s revenue increased when it decreased the average selling price of its phones? Explain.
Subject business-economics
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