Answer the Following Questions Using the Information Below

question 146

Multiple Choice

Answer the following questions using the information below:
Sales of Blair Inc. have been on a steady decline for the last 12 months. A market research study conducted revealed that the product of Blair Inc. can be sold only for $400 as opposed to the current market price charged of $500 per unit. Blair Inc. has decided to revise its sales price to $400. The annual sales target volume of the product after price revision is 200 units. Blair Inc. wants to earn 18% on its sales amount.
-What are the target sales revenues?

• A) $94,400
• B) $80,000
• C) $65,600
• D) $18,000

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Definitions:

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Personal Need

An individual's basic or psychological requirement that is essential for maintaining well-being and achieving personal fulfillment.