Answer the Following Questions Using the Information Below

question 79

Multiple Choice

Answer the following questions using the information below:
Ace Books Company currently sells eBook readers for $270.It has costs of $210.A competitor is bringing a new eBook reader to market that will sell for $225.Management believes it must lower the price to $225 to compete in the market for eBook readers.Marketing believes that the new price will cause sales to increase by 10%,even with a new competitor in the market.Ace's sales are currently 10 000 eBook readers per year.
-What is the target cost if the company wants to maintain its same profit level,and Marketing is correct (rounded to the nearest cent) ?

• A)$168.75
• B)$170.46
• C)$210.00
• D)$185.00

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Definitions:

Climbed

entails ascending or going up something, often requiring physical effort, such as climbing a mountain or stairs.

Laboratory Procedure

A standard method or process followed in a scientific lab for the study, experimentation, or measurement of phenomena.

Strange Situation

A procedure developed by psychologist Mary Ainsworth to observe attachment relationships between a caregiver and child.

Ainsworth

Mary Ainsworth, known for her work in developmental psychology, especially attachment theory.