Answer the Following Questions Using the Information Below

question 25

Multiple Choice

Answer the following questions using the information below:
Block Island TV currently sells large televisions for $360. It has costs of $280. A competitor is bringing a new large television to market that will sell for $300. Management believes it must lower the price to $300 to compete in the market for large televisions. Marketing believes that the new price will cause sales to increase by 10%, even with a new competitor in the market. Block Island TV 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) ?

• A) $225.00
• B) $227.27
• C) $246.68
• D) $280.00

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Definitions:

Proactive Behaviours

Actions taken by individuals that are anticipatory, changeful, and self-initiated to influence themselves or their environment.

Proximal Socialization Outcomes

Immediate results that stem from the process of adapting and integrating into a new social environment or group.

Distal Socialization Outcomes

The long-term results of the socialization process, such as the integration into and acceptance by an organization’s culture.

Orientation Program

A structured introduction offered by an organization to acquaint new employees with its policies, procedures, culture, and the roles they will be assuming.