Origami Company Is a Price-Taker and Uses Target Pricing

question 147

Multiple Choice

Origami Company is a price-taker and uses target pricing. Please refer to the following information: With the current cost structure, Origami cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs. Assuming that variable costs CANNOT be reduced, how much will the target fixed costs per year be?

• A)$2,000,000
• B)$1,500,000
• C)$2,500,000
• D)$800,000

Understand the legal protections against unconscionable transactions and inadequate consideration.

Apply legal principles to determine the enforceability of renegotiated contracts and agreements.

Interpret the legal consequences of actions taken in reliance on promises, including the application of the doctrine of promissory estoppel.

Understand the distinction and examples of high vs. low self-monitors.

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Definitions:

Yugoslavia

A former country in Southeast Europe, formed after WWI and comprised of several Slavic nationalities, which dissolved in the 1990s into multiple independent countries.

Iraq

A country in Western Asia, known for its rich history as part of ancient Mesopotamia, and more recently for its significant oil reserves and conflicts, including the Iraq War.

Conservative Credentials

Attributes or beliefs associated with conservative ideology, often emphasizing traditional values, limited government, and free-market principles.

Lloyd Bentsen

An American politician who served as a United States Senator from Texas and was the Democratic Party's nominee for Vice President in 1988.