What Equation Shows Organizations the Relationship Between Price and Profit $\times$

question 79

Multiple Choice

What equation shows organizations the relationship between price and profit?

• A) Total Variable Costs + Total Fixed Costs = Sales - Profit
• B) Price = Profit per Item \(\times\) Number of Units Sold
• C) (Price \(\times\) Quantity Sold)- Total Costs = Profits
• D) (Price - Profits)\(\times\) Total Costs = Sales
• E) Total Costs = (Price \(\times\)Quantity Sold)- Profits

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Definitions:

Reward

A benefit or recognition given to someone as a recompense for their effort, achievement, or good behavior.

Financial Incentives

Monetary rewards used to motivate individuals or groups to achieve specific goals or improve performance.

Recognition

The act of acknowledging or rewarding employees for their achievements, performance, or contributions at the workplace.

Positive Reinforcement

The act of encouraging a desired behavior by offering a rewarding stimulus immediately after the behavior occurs.