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Use the information below to answer the following question(s) .Acorn Products currently sells small boats for $360.It has costs currently assigned to it of $280.A competitor is bringing a new small boat to market that will sell for $300.Management believes it must lower the price to $300 to compete in the market for small boats.Marketing believes that the new price will cause sales to increase by 10 percent, even with a new competitor in the market.Acorn's sales are currently 100,000 per year.
-What is Acorn's target cost if the company wants to maintain its same income level, and marketing is correct?
Agricultural
Pertaining to farming or the cultivation of plants and animals to produce food, fiber, medicinal plants, and other products.
Industrial
Pertaining to the production of goods in factories through the use of machinery and labor.
Consumer Sectors
Divisions within an economy that consist of businesses and industries which produce goods and services specifically for personal and household consumption.
LULAC
The League of United Latin American Citizens, a Latino civil rights organization formed in 1929, focused on combating inequality and discrimination faced by Hispanics in the United States.
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