The Market Demand for a Certain Product from Silkskin Cosmetics

question 17

Multiple Choice

The market demand for a certain product from Silkskin Cosmetics is 10,000 units.The market share is 20%.The average selling price of a unit is $10 and the average cost price is $5.Calculate the gross profit for the product.

• A)$10,000
• B)$5,000
• C)$20,000
• D)$15,000
• E)$30,000

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Definitions:

Affiliation Motive

An underlying psychological drive that influences individuals to form connections, bond with others, and seek social acceptance.

Explicit Motives

Conscious motivations, usually measured by self-report.

Affiliation Motive

A psychological drive that influences an individual's need to form or maintain positive social relationships and connections.

Achievement Motive

A psychological construct that refers to an individual's desire to achieve success and demonstrate competence.