To manufacture a dining set, it costs $1,400. If the desired percent markup based on cost is 85%, how much should each dining set sell for?
A) $1,610.00
B) $2,590.00
C) $1,647.06
D) $3,235.00
B
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Which of the following is true of the net marketing contribution of a firm?
A) It sets a benchmark to gauge improving or deteriorating marketing profitability. B) General and administrative expenses are included to assess the net marketing contribution. C) It is an internal in-process financial metric. D) It is equal to the revenues of the firm. E) It includes all operating expenses.
Which of the following statements is true of pricing decisions?
A) Market-based pricing starts with a good understanding of customer needs and the benefits that a product offers relative to competitors' products. B) The business with the lowest price will always offer customers the best economic value. C) It is possible to implement market-based pricing with low levels of customer and competitor intelligence. D) Competitors' product-price positioning and company product-price positioning are the two primary determinants in setting a cost-based price. E) Cost-based pricing takes into account what the customer would be willing to pay for a certain level of product performance.
If we are solving a 0-1 integer programming problem, the constraint x1 ? x2 is a conditional constraint
Indicate whether this statement is true or false.
The ANOVA procedure is a statistical approach for determining whether or not the means of _____ are equal.
A. two samples B. two or more samples C. two populations D. three or more populations