An analyst at Onyx, a company that makes bakers' racks, has calculated the sales volume at which the company's costs equal revenue. This analyst announced at the company's quarterly sales meeting that 13,000 racks at an average cost of $150 must be sold to retail stores during the next quarter to reach this point. Which important factor has been excluded from his analysis?

a. fixed and variable cost determination
b. break-even analysis
c. market share
d. consumer demand

Ans: d. consumer demand

Business

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John Charleston owns a heating oil delivery company that services 1,540 residences. John would like to estimate the number of customers that have oil storage tanks that are less than 100 gallons in capacity

A random sample of 200 customers found that 63 had an oil tank that was less than 100 gallons. The 80% confidence interval to estimate the proportion of customers with oil tanks less than 100 gallons is ________.A) (0.276, 0.354 ) B) (0.183, 0.447 ) C) (0.216, 0.414 ) D) (0.151, 0.480 )

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