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The management of Rodwell Corporation has provided the following data concerning its two products—E99 and V09: The constrained resource is a particular machine that is available for 10,400 minutes each month. Each unit of product E99 requires 8 minutes on this machine. Each unit of product V09 requires 10 minutes on this machine.
-The company is considering launching a new product that would have a variable cost of $181.00 per unit.It would require 14 minutes of the constrained resource.The absolute minimum acceptable selling price for the new product should be:
Macro Variables
Broad variables that describe the overall context of an economy, such as GDP, unemployment rates, inflation, and interest rates.
Micro Variables
Small-scale factors that can affect a business or research outcome; often specific to a particular area or sector.
Demographic Variables
Characteristics of populations used in market research, such as age, gender, income, and education, to segment markets.
Global
Pertaining to or involving the entire world; often used in the context of businesses that operate internationally.
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