A retailer can purchase a private-label bread for 59? a loaf. The bread sells for 89?. Total direct retailing costs for the bread (warehouse costs, direct labor, and spoilage) equal 10? per loaf
In addition, 5? per loaf is charged for administrative overhead. What is the direct product profitability per loaf?
a. 20?
b. 30?
c. 45?
d. The answer cannot be determined from the information provided.
a
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Which of the following is true of products in the introduction stage of their life cycle?
a. Their prices will rise dramatically as they move into the specialty goods category. b. They experience price increases that are cost initiated. c. Their prices are usually set high. d. They experience an elastic demand in the core of the market.
Which of the following is NOT true when using color in a presentation graphic?
a. Brighter colors give a less formal look than do subdued colors. b. Blues and greens relax, while reds and oranges stimulate. c. Red and green are good colors to use to differentiate important ideas. d. Too much use of color can distract and agitate the audience.
Reduced inventory levels and faster response to changes in demand are both benefits of MRP
Indicate whether the statement is true or false
Management's objective is to get labor costs per unit of output to a point below that of the ________ at the product-line level.
A. national average B. projected company goal C. competition D. previous year