The Company Mechanic Suggested to the Owner of Friendly Cab

question 114

Multiple Choice

The company mechanic suggested to the owner of Friendly Cab Company that to increase the cars' fuel efficiency, the firm should install Cherry Bomb glass-pack mufflers in all of the cabs. The owner, who was pleased the mechanic was concerned about the firm's profitability, instructed the mechanic to install the new mufflers. In terms of the buying centre, which roles did the mechanic fill?

• A)initiator and influencer
• B)decider and gatekeeper
• C)initiator, decider, and user
• D)user, influencer, and gatekeeper

Comprehend the principle of target costing.

Calculate desired profit margin and understand its application in pricing.

Understand the relationship between current full cost, profit margin, and target selling price.

Comprehend the impact of fixed and variable costs on product pricing.

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Definitions:

Academic Self-Esteem

An individual's self-evaluation and confidence in their academic abilities and potential for success in educational settings.

School Grades

A system of evaluating and recording the academic performance of students through numerical or letter grades.

Academic Peers

Individuals within the same educational setting or level who influence each other's learning and academic performance.

Self-Concept

An individual's perception of themselves, formed through experiences, beliefs, and self-evaluation.