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An instructor arrives at the classroom and discovers that the power is out in the building. There are plenty of windows to provide light to the classroom. Class starts in a few minutes. Which of the following is the FIRST action the instructor should take?
Value Analyses
A method of assessing the functions of a product or service to reduce costs and improve product value for consumers.
Selling Price
The amount of money charged for a product or service, determined by factors such as cost, market demand, and competition.
Retail Cost
The total price at which a product is sold to the end consumer, including costs of production, distribution, and a profit margin.
Markup on Selling Price
The amount added to the cost price of goods to cover overhead and profit, calculated as a percentage of the selling price.
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