Jester Company Was Making a Product for $70 and Selling

question 109

Multiple Choice

Jester Company was making a product for $70 and selling it for $90.A competitor began selling the same product for $78.Suppose Jester wants to meet the competition's price and maintain the same amount of profit per unit.What would be the target cost?

• A)$18
• B)$38
• C)$48
• D)$58

---

Definitions:

Formal Proposal

A detailed document submitted to offer solutions or services to a potential client, often including objectives, methodology, and pricing.

Information

Data that has been processed, organized, or structured in a way that is meaningful to the recipient.

Solicited Proposals

Proposals that are requested by an organization or individual, often as a response to a specific need or problem.

Unsolicited Proposals

Unsolicited proposals are offers or plans submitted to an organization without a formal request, often aiming to solve a problem or provide a service.