If the Incremental Costs for a Special Order of 8,000

question 103

Multiple Choice

If the incremental costs for a special order of 8,000 units are $5,600 and the company would like to earn a minimum of $1,600 profit from the order,the minimum bid price would be

• A)$0.45 per unit.
• B)$0.70 per unit.
• C)$0.90 per unit.
• D)$1.80 per unit.

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Definitions:

Intent to Use

Refers to a customer's expressed or implied intention to purchase and use a product or service in the future, often measured in marketing research to predict product success.

Trademark Law Revision Act

Legislation that amended federal trademark law, making significant changes such as allowing for the registration of a trademark based on intent to use, among other provisions.

Lanham Act

The primary federal trademark statute in the United States, governing trademarks, service marks, and unfair competition, enacted in 1946.

Tying Arrangement

A business practice in which a seller requires buyers to purchase an additional, often unrelated, product or service as a condition of buying a desired product.