The Marketing Manager for Voice-Talk,a Cell Phone Company,has Taken a Sample

question 103

True/False

The marketing manager for Voice-talk,a cell phone company,has taken a sample of 300 customers from the list of 4,356 total customers.The mean monthly bill for the last October based on the sample data is $45.62.The manager should realize that the mean bill for all 4,356 customers will actually be higher than $45.62.

Determine the break-even point for new and existing products.

Evaluate the financial outcomes of upgrading versus disposing of obsolete inventory.

Assess the capacity utilization and its impact on pricing decisions.

Calculate the financial advantages of make versus buy decisions.

---

Definitions:

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.

Contract Remedies

Legal solutions provided in case of a breach of contract, including compensation, specific performance, and rescission, designed to address or correct the breach.

Tort Remedies

Legal solutions available in tort law for injuries or damages, including restitution, damages compensation, and injunctive relief.

Agent Duties

Obligations that an agent owes to their principal, including acting in the principal's best interest, with care, loyalty, and confidentiality.