A company decides to launch a new credit program. Before offering credit to customers, monthly sales were $63,000. With the new program, sales increased 10 percent. The monthly cost of managing the program is $7,000. The company is unable to collect 2 percent of total monthly sales due to poor customer credit
Calculate the monthly profit or loss resulting from implementing the credit program.
- $2,086
Business
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Tariffs artificially lower prices and therefore lower demand.
a. true b. false
Business
Which of the following statements is NOT true?
A. Many service firms refer to their offerings as "products." B. The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage. C. The term "products" refers to tangible goods only. D. The product decision includes the selection, definition, and design of products.
Business