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Mary Williams, owner of Williams Products, is evaluating whether to introduce a new product line. After thinking through the production process and the costs of raw materials and new equipment. Williams estimates the variable costs of each unit produced and sold at $6 and the fixed costs per year at $60,000 a. If the selling price is set at $18 each, how many units must be produced and sold for Williams to break even? Use both graphic and algebraic approach to get your answer. b. Williams forecasts sales of 10,000 units for the first year if the selling price is set at $14.00 each. What would be the total contribution to profits from this new product during the first year? c. If the selling price is set at $12.50, Williams forecasts that first-year sales would increase to 15,000 units. Which pricing strategy ($14.00 or $12.50) would result in the greater total contribution to profits? d. What other considerations would be crucial to the final decision about making and marketing the new product?
jack johnson has been an employee of abc inc. for the past 4 years. during that time he has been passed over for
What leadership considerations must an organization weigh in selecting another country to open a location such as a manufacturing plant. How might leaders need to change leadership styles to manage multinational locations
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Describe a situation related to business or management where action research may be appropriate. What would you do to research the issue?
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A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500 , what is th..
Is there anything we, as consumers, can do to lessen the costs of prescription drugs? Are consumers to blame for the massive expense?
For your term project, you are going to explore your restaurant. The exploration will be constructing a business plan for the restaurant you have been using throughout the term of the class.
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