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Revenue at a major cellular telephone manufacturer Was $1.4 billion for the nine12months ending March 2, up 97 percent over revenues for the same...
Revenue at a major cellular telephone manufacturer Was $1.4 billion for the nine12months ending March 2, up 97 percent over revenues for the same period lastyear. Management attributes the increase in revenues to a 137 percent increase inshipments, despite a 17 percent drop in the average blended selling price of itsline of phones. Given this information, is it surprising that the company’s revenueincreased when it decreased the average selling price of its phones? Explai