A Marketer's Fixed Costs Are $400 000,the Variable Cost Is

question 67

Short Answer

A marketer's fixed costs are $400 000,the variable cost is $16,and the company expects its product to sell for $24.If the marketer has sales of $1 440 000,what is the profit on this product?

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Definitions:

Just-In-Time System

A supply chain management system designed to decrease waste and increase efficiency by receiving goods only as they are needed in the production process.

Same Day Air

A transportation service ensuring parcels or freight are delivered via air transport within the same day, emphasizing speed and efficiency.

Next-Day Air

A shipping service that ensures delivery of parcels or documents on the day after they are dispatched.

Environmental Factors

Elements of nature and society that can affect an organization's performance, including climate, regulatory policies, and socio-economic conditions.