If the USCensus Indicated That in General, the Population Was Moving to Moving

question 20

Multiple Choice

If the U.S.Census indicated that in general, the population was moving to the northern states, what business decisions might that information impact?

• A)How much inventory to hold
• B)Whether to increase product prices
• C)Whether to build a new plant
• D)How much to spend on a new plant
• E)Where to locate a new plant

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Definitions:

Mark-Up Percentage

A measure of how much the cost of a product is increased to arrive at its selling price, typically to cover overheads and profit.

Mark-Up Percentage

The percentage added to the cost price of products to determine the selling price, intended to cover overhead and profit.

Total Variable Cost

The sum of all variable costs that change in proportion with the level of output or activity.

Total Annual Fixed Costs

The sum of all consistent, non-variable expenses that a company incurs over the course of a year.