Answer the Following Questions Using the Information Below

question 14

Multiple Choice

Answer the following questions using the information below:
Botany Manufacturers has invested $1 000 000 in a plant to make commercial juicer machines.The target operating profit desired from the plant is $180 000 annually.The company plans annual sales of 7000 juicer machines at a selling price of $200 each.
-What is the mark-up percentage as a percentage of cost for Botany Manufacturers?

• A)18.0%
• B)12.9%
• C)14.8%
• D)22.0%

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Definitions:

Conditioned Response

A response that has been acquired through learning to a stimulus that was once neutral but has been consistently paired with an unconditioned stimulus.

Conditioned Stimulus

A stimulus which initially doesn't elicit a response but, when associated with an unconditioned stimulus, later results in a conditioned response.

Stimulus Generalization

The process in which a response to a specific stimulus becomes associated with other stimuli that are similar, leading to the same response.

Conditioned Stimulus

A stimulus that initially has no effect but becomes able to provoke a specific response through association with an unconditioned stimulus.