Home Products,Inc

question 132

Multiple Choice

Home Products,Inc.,is planning the introduction of a new food dryer.To compete effectively,the dryer would have to be priced at no more than $40 per unit.An investment of $600,000 would have to be made in order to produce and sell the new dryer.The company requires a return on investment of at least 25% on new products.Assuming that the company expects to produce and sell 30,000 dryers per year,the target cost per dryer would be closest to:

• A) $18.00
• B) $35.00
• C) $20.00
• D) $24.67

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Definitions:

Developmental Perspective

An approach in psychology and other disciplines that focuses on how individuals grow and change throughout their lifespan, including physical, cognitive, and social development.

Observer Bias

A form of research error that occurs when an observer's expectations or personal beliefs influence their interpretation of experimental outcomes.

Ecological-Systems Approach

A perspective on human development that considers all of the influences from the various contexts of development. (Later renamed bioecological theory.)

Bronfenbrenner

A psychologist known for his ecological systems theory, which considers the complex interrelations between individual development and environmental factors.