denverrozzo2994 denverrozzo2994

25-10-2022
Business

Answered

abc company is considering an opportunity to produce and sell product x that currently sells for $20 in the marketplace. if abc wants to earn a 25 percent profit margin on the sales of product x, what is the target cost that must be achieved to compete in the market? target cost

Answer :

rafikiedu05 rafikiedu05

04-11-2022

$15 is the target cost that must be achieved to compete in the market.

target cost = selling price - profit margin

= 20$ - 5$ = $15

A market is an area in which shoppers and sellers can meet to facilitate the trade or transaction of goods and services. Markets can be bodily like a retail outlet, or virtual like an e-keep. different examples embody unlawful markets, auction markets, and monetary markets.

Economic marketplace structures can be grouped into four classes: ideal competition, monopolistic competition, oligopoly, and monopoly. Markets are of kinds i.e. wholesale market and retail marketplace. In the wholesale market, the presence of wholesalers is huge and in the retail market, the market is controlled thru the shops.

Learn more about the market here: https://brainly.com/question/25717627

#SPJ4

Answer Link

Other Questions

What three economic questions are asked when studying the similarities of traditional, command, market, and mixed economies among nations of the world? What to

What three economic questions are asked when studying the similarities of traditional, command, market, and mixed economies among nations of the world? O What t

What three economic questions are asked when studying the similarities of traditional, command, market, and mixed economies among nations of the world? Pilihan

When consumers are unhappy with a product, they may boycott the product and/or store and express dissatisfaction to friends. private response

Other things being equal, the rate of new-product development seems to be greater in countries where: less money is spent on basic and applied R&D.

Net marketing contribution reveals what is left after the manufacture and sale of the product to cover marketing, fixed costs and profit. True False

Net marketing contribution reveals what is left after the manufacture and sale of the product to cover marketing, fixed costs and profit.TrueFalse

Amazon recently announced that they were raising the minimum wage for all employees to $15 to address the low-wages of its employees. AmazonO understands that e

Amazon recently announced that they were raising the minimum wage for all employees to $15 to address the low-wages of its employees. amazon - Is paying attenti

Which scenario is most likely to result when the Federal Reserve raises the reserve requirement?answer choicesMore money is required to be kept in banks to loan