Answer the Following Questions Using the Information Below

question 131

Multiple Choice

Answer the following questions using the information below:
Perth TV currently sells flat screen televisions for $180.It has costs of $140.A competitor is bringing a new flat screen television to market that will sell for $150.Perth believes it must lower the price of its television sets to $150 to remain competitive.Marketing believes that the new price will cause sales to increase by 10%,even with the new competitor in the market.Perth'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) ?

• A)$140.00
• B)$113.64
• C)$123.34
• D)$112.50

---

Definitions:

Symbolic Resources

Elements within a culture or society that carry specific meanings and are used for communication, such as language, gestures, or images.

Explicit Instruction

A structured, clear, direct teaching method that emphasizes systematic instruction for mastering specific concepts or skills.

Culture

The shared patterns of behaviors, beliefs, knowledge, attitudes, and values that characterize a group or society, transmitted from one generation to the next.

Isolation

Isolation refers to the condition of being separated from others, which can be physical, social, or emotional in nature.