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Answer the Following Question(s)using the Information Below

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Answer the following question(s) using the information below.Sheltar's TV currently sells small televisions for $180.It has costs of $140.A competitor is bringing a new small television to market that will sell for $150.Management believes it must lower the price to $150 to compete in the market for small televisions.Marketing believes that the new price will cause sales to increase by 10%, even with a new competitor in the market.Sheltar's sales are currently 100,000 televisions per year.
-What is the target cost if the company wants to maintain its same income level, and marketing is correct (rounded to the nearest cent) ?

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Definitions:

Customers

Individuals or entities that purchase goods or services from a business, essential for generating revenue and sustaining operations.

Customer Relationship Management

A strategy for managing an organization’s relationships and interactions with current and potential customers by using data analysis to study large amounts of information.

Capture

The process of obtaining something of value, often referring to attention, data, or market share in business contexts.

Analyze Consumer Data

The process of examining and interpreting data on customers' behaviors and preferences to make informed business decisions.

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