Maddie Noticed That Many Students on Campus Had T-Shirts with Greek

question 32

Multiple Choice

Maddie noticed that many students on campus had t-shirts with Greek organization letters or club names on them. Recognizing that there was a huge market for this attire, Maddie rented a store front and a silk screening machine to get into the t-shirt business. Maddie's rent is $1,000 a month, including utilities. The silk screen machine leases for $300 a month. Maddie can buy blank t-shirts for $6 each and determined the cost of materials for the silk screening at $2.50 per unit. Considering just the figures provided above, how many t-shirts does she need to sell each month to breakeven if she prices the screened t-shirts at $15?

• A) 200
• B) 400
• C) 225
• D) 153

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Definitions:

Mission Statement

A written declaration of an organization's core purpose and focus that normally remains unchanged over time.

Firm's Goals

The specific objectives that a company aims to achieve, which guide its operational and strategic decisions.

Customer's Needs

The desires or requirements that customers expect to be fulfilled by a product or service, influencing their purchasing decisions.

Customer Acquisition

The process of bringing new customers to a business through various marketing strategies and efforts.