Teller Company has designed a caller ID machine with a large screen that can be seen easily from across the room. The Sales Department believes that this product can be sold for $30 each. Teller requires that all new products yield 15% profit. What is the target cost of the new product?
A) $25.50
B) $4.50
C) $30
D) $26
E) $28.50
A
Business
You might also like to view...
Competitive intelligence (CI) may be defined as the process of enhancing marketplace competitiveness through a greater understanding of a firm's competitors and the competitive environment
Indicate whether the statement is true or false
Business
"Let's forget about tomorrow for tomorrow never comes." "Live for today." These expressions would be typical of a culture that is ________
A) high in assertiveness B) low in humane orientation C) high in performance orientation D) low in future orientation
Business