Let’s Say You Want to Open a Shoe Store That

question 102

Multiple Choice

Let’s say you want to open a shoe store that will specialize in high-end shoes. But before you do, you want to determine how many pairs of shoes you have to sell in the first year to break even (have no profit or loss) . You also want to know what your profit will be in year two. You have been busy estimating some revenues and costs. Here is what you have so far:

-What is the breakeven point in units?

• A)approximately 3,750 pairs of shoes
• B)approximately 7,500 pairs of shoes
• C)approximately 4,000 pairs of shoes
• D)approximately 8570 pairs of shoes

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Definitions:

Situations

Instances or sets of circumstances that occur or are perceived by individuals, often influencing their behavior and decisions.

Actions

The process of doing something in order to achieve a goal or perform a task.

Cognitive Dissonance

The unease in one's mind resulting from holding multiple inconsistent beliefs, ideas, or values concurrently.

Self-Esteem

Someone's self-assessed value, including their beliefs and emotions about who they are.