A marketer's fixed costs are $400,000,the variable cost is $16,and the company expects the product to sell for $24.If the marketer has sales of $1,440,000,what is its profit on this product?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q100: When there is price competition,many companies adopt
Q101: Explain the concept of a price floor.
Q102: A marketer's fixed costs are $400,000,the variable
Q104: Product costs set a floor to the
Q106: Explain the strategy of good- value pricing.
Q107: Explain the strategy of high- low pricing.
Q108: What must a company using value- based
Q109: Environmental elements are categorized as external factors
Q110: Explain the significance of a downward-sloping experience
Q110: Who typically sets prices in small companies?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents