Patricia and D'Wayne Were Working on Pricing Their Line of Handcrafted

question 62

Multiple Choice

Patricia and D'Wayne were working on pricing their line of handcrafted office furniture.D'Wayne said,"I think we've got all the main components that affect us and our products,but let's go over the list once again.We've got the stores that will carry our products,our firm's objectives,how customers will respond,and the costs." Which of the following is missing from Patricia and D'Wayne's list of the components?

• A) The message and media for the advertising campaign.
• B) The competition's pricing strategies.
• C) The designs for products that haven't yet been manufactured.
• D) The number of new employees they'll need if the products take off.
• E) Whether or not their suppliers use sustainable raw materials.

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Definitions:

Break-Even Point

The sales level at which a business generates revenue equal to its expenses, resulting in neither profit nor loss.

Variable Costs

Financial obligations that shift depending on the level of manufacturing or sales activity.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, like lease payments and wages.

Units

A measure of quantity, such as items produced, hours worked, or products sold, used in various contexts including accounting and inventory management.