You Have Just Been Hired as a Business Consultant to Determine

Multiple Choice

You have just been hired as a business consultant to determine what pricing policy would be appropriate in order to increase the total revenue of an online clothing store.What would your first step be

A) Increase the price of everything in the store.
B) Look for ways to cut costs and increase profit for the store.
C) Determine the elasticity of demand for the store's products.
D) Suggest that the store purchase an entirely new line of clothing that they could sell more cheaply.