Classify Company Has a Product That Its Sales Department Believes

question 80

Multiple Choice

Classify Company has a product that its sales department believes can be sold for $40 each. The company requires that all new products yield 20% profit. What is the target cost of the new product?

• A) $4.00
• B) $25.50
• C) $26.00
• D) $32.00

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Definitions:

High Power Need

A psychological drive that motivates individuals to seek control, influence, or authority over others.

Affiliation Needs

The psychological need for friendly social interactions and relationships with others.

Thematic Apperception Test

A projective psychological test that assesses a person's patterns of thought, attitudes, observational capacity, and emotional responses to ambiguous test materials.

Need for Affiliation

An individual's urge to form connections and maintain positive interpersonal relationships.