Tyke, Ltd Produces 2 Products a and B, Each Requiring Direct

question 18

Multiple Choice

Tyke, Ltd. produces 2 products A and B, each requiring direct material and labor. Total labor available is 200 hours, and 300 pounds of material. Each unit of A sells for $10, and B sells for $15. Given the following linear programming information: What are the variable costs per unit for A and B?

• A) $4 and $15
• B) $14 and $19
• C) $6 and $10
• D) $7 and $14

Utilize external sources and reports to support claims and overcome objections.

Apply the price-value formula effectively in addressing price objections.

Identify and counter product-specific objections using factual information.

Use strategic questioning to unearth and address hidden objections.

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Definitions:

Demand Curve

An illustrated chart depicting the correlation between a product's price and the amount of it consumers want to buy at that price level.

Marginal Cost

The spending necessary to produce an extra unit of a product or service.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Life Cycle

The series of stages through which something (such as a living being, a product, or a project) goes from its beginning to its end.