The PIMS Project Revealed That the Two Most Important Factors

question 123

Multiple Choice

The PIMS project revealed that the two most important factors influencing profitability were:

• A)sales cost and market demand.
• B)product quality and market share.
• C)profit margin and product price.
• D)product price and competition.

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Definitions:

Store Owner

An individual or entity that owns and manages a retail business establishment.

Carpets Left

Refers to the quantity of carpets that remain unsold or available in inventory.

Economic Profit

The distinction between the sum of all income and the total of all expenses, encompassing both direct and indirect costs.

Fixed Costs

Costs that do not vary with the level of production or sales, including expenses like rent and salaries.