Chris Company sells a product for $225 per unit.Its market share is 20 percent.The marketing manager feels that the market share can be increased to 30 percent with a reduction in price to $195.The product is currently earning a profit of $36 per unit.
-The president of Chris Company feels that the $36 profit per unit must be maintained.What is the target price per unit?
A) $225
B) $195
C) $189
D) $159
Correct Answer:
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