Suppose a New Cost-Saving Device Will Generate $1,000 Net Savings

question 16

Multiple Choice

Suppose a new cost-saving device will generate $1,000 net savings per year to a firm.The device costs $10,000.Should the firm purchase the device?

• A) definitely
• B) absolutely not
• C) The firm is indifferent between buying the device and not.
• D) More information is required to answer.

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Definitions:

Marketing Professional

A professional skilled in creating and executing marketing strategies to promote products, services, or brands.

Middle-Income Households

Households with income levels in the middle range of a country's income distribution, often considered the middle class.

External Factor

Events or circumstances outside an organization that can affect its performance and operations, such as economic conditions or regulatory changes.

Marketing Environment

Refers to the external factors and forces that impact a company's ability to develop and maintain successful transactions and relationships with its target customers.