Creative Chronometer,Inc

question 35

Multiple Choice

Creative Chronometer,Inc.is planning to launch a new brand of watches for kids.Similar watches are available in the market for $56.In order to penetrate the market,the company plans to use target pricing and desires a 28% net profit markup on total cost.Calculate the target cost.(Round your answer to the nearest cent.)

• A)$71.68
• B)$15.68
• C)$43.75
• D)$40.32

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Definitions:

Unobtrusive Control

A subtle form of control that manipulates the behavior of individuals or groups in a manner that is not overtly forceful or direct.

Power Coercively

The ability or act of compelling or controlling actions of others through threats, punishments, or force.

Historical Materialism

Marx’s analysis of history according to the different modes of production used in a society (e.g., slave, feudal, capitalist, etc.).

Property Ownership

The legal right to possess, use, and dispose of land, buildings, or goods.