A Manager Is Setting the Price of a Product

question 8

Multiple Choice

A manager is setting the price of a product. He is considering either using a 12% sales margin or 15% cost mark-up method. What would the selling price be, if his cost of sales is £45?

• A) £50.40 margin or £51.75 mark-up
• B) £51.14 margin or £52.94 mark-up
• C) £50.40 margin or 52.94 mark-up
• D) £51.14 margin or £51.75 mark-up

Recognize the importance of biodiversity in forest ecosystems and the factors affecting it.

Understand the ecological importance and conservation needs of specific tree species and forest types.

Identify the factors contributing to the destruction of tropical rain forests and strategies for their preservation.

Recognize the role and impact of national parks and protected areas in conserving biodiversity.

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Definitions:

Intrinsic Motivations

The drive to engage in an activity for its own sake, deriving pleasure and satisfaction from the activity itself rather than external rewards.

Self-actualization

represents the realization of an individual's potential, self-fulfillment, seeking personal growth, and peak experiences.

Homeostasis

The ability or tendency of an organism or cell to maintain internal equilibrium by adjusting its physiological processes.

Drive

A psychological state that, by creating arousal, motivates an organism to engage in a behavior to satisfy a need.