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15 July, 15:52

Suppose that a country bandcountry band called Only HereOnly Here has released its first CD with WantedWanted Records at an intended list price of $14.99. Music stores have discovered that they can markup the price to $17.99 with continued strong sales. What information does this higher price convey to the recording label?

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  1. 15 July, 16:00
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    The recording label should increase the production and distribution of Here band

    Explanation:

    In the given question it is stated that the Music stores can markup to the price of $17.99 with continued strong sales against the listed price of $14.99.

    Now,

    The markup price is the extra amount that is over the cost of product or the service.

    Thus,

    Here, the Markup will further increase the profit by $17.99 - $14.99 = $3

    Hence,

    The recording label should increase the production and distribution of Here band
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Home » Business » Suppose that a country bandcountry band called Only HereOnly Here has released its first CD with WantedWanted Records at an intended list price of $14.99. Music stores have discovered that they can markup the price to $17.
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