Lance Is Interested in Entering the Catfish Farming Business

question 93

Multiple Choice

Lance is interested in entering the catfish farming business.He estimates if he enters this business,his fixed costs would be $50,000 per year and his variable costs would equal 30 percent of sales.If each catfish sells for $2,how many catfish would Lance need to sell to generate a profit that is equal to 10 percent of sales?

• A)40,000
• B)41,667
• C)35,000
• D)No level of sales can generate a 10 percent net return on sales.

Comprehend the legal and regulatory environment affecting marketing, specifically regarding corporate disclosures and protections.

Recognize the significance of cultural values and societal trends in marketing strategies.

Understand the principles of SWOT analysis in the context of environmental data and decision-making.

Grasp the concept of demand types and how they affect marketing strategies.

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Definitions:

Asymptomatic Response

A physical or psychological response that occurs without the presentation of symptoms, often in the context of disease or infection.

Central Amygdala

A region in the brain's amygdala involved in processing emotions and fear-related learning.

Basolateral Amygdala

A region of the brain's amygdala involved in emotional processing, particularly fear and anxiety.

Prefrontal Cortex

The frontal part of the cerebral cortex involved in decision making, cognitive behavior, personality expression, and moderating social behavior.