Lester Moy Bought Two New Michelin Tires for His Car

question 22

Multiple Choice

Lester Moy bought two new Michelin Tires for his car at $170.55 per tire. He was also charged $4.95 per tire for mounting, $2.65 per tire for valves, and $3.99 per tire for balancing. What was Lester's final bill?

• A)$341.10
• B)$352.69
• C)$170.55
• D)$193.73
• E)$364.28

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Definitions:

Prices

A term referring to the amount of money required to purchase a good or service; it is determined by factors such as demand, supply, and production costs.

Reasonable Product

A product considered to meet a satisfactory standard in terms of quality, functionality, and price.

Cheapest Product

A product offered at the lowest possible price point, often as a strategy to attract cost-conscious consumers or gain market share.

Marketing Mix

The set of controllable tactical marketing tools—product, price, place, and promotion—that a company uses to produce a desired response from its target market.