Omega Company Makes and Sells Jungle Gyms and Tree Houses

question 64

Multiple Choice

Omega Company makes and sells jungle gyms and tree houses for children.For jungle gyms, the price is $150 and variable expenses are $100 per unit.For tree houses, the price is $180 and variable expenses are $120.Total fixed expenses are $215,250.Last year, Omega sold 10,000 gyms and 6,000 tree houses.Using the lowest whole numbers, what is the sales mix of gyms and tree houses?

• A) 4:1
• B) 5:3
• C) 3:2
• D) 2:3
• E) 1:4

Identify the reasons and benefits companies have for choosing specific types of innovations.

Recognize the role of risk-taking and preparedness in the innovation process.

Understand the significance of reaching and creating a new class of consumers through innovation.

Comprehend the concept of open innovation platforms and their significance in collaborative innovation efforts.

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Definitions:

Business Cycle

The economic fluctuations experienced over time, characterized by periods of expansion (growth) and contraction (recession) in economic activity.

Legislative Action

The process by which a legislative body takes official steps to introduce, amend, pass, or reject laws and regulations.

Crowding-Out Effect

The phenomenon where increased government spending leads to a reduction in private sector spending, often due to higher interest rates.

Government Spending

Refers to the total expenditure incurred by the government on various goods, services, and projects to fulfill its economic and social objectives.