Answer the Following Questions Using the Information Below

question 42

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 is the total target cost?

• A) $77,408
• B) $65,600
• C) $53,792
• D) $14,760

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Definitions:

Focus Group Data

Information and insights gathered from structured group discussions designed to explore the perceptions and opinions of participants on a specific topic.

Behavioral Approach

Focuses on identifying and analyzing observable behaviors and actions rather than internal processes like thoughts and feelings.

Leader Characteristics

Qualities or attributes that contribute to an individual’s effectiveness as a leader, such as communication skills, decision-making capability, and charisma.

Adaptive Leadership

A leadership concept that emphasizes the importance of leaders being able to adapt to changing circumstances and environments.