Aiwa Industries Sells Directly to Auto Parts Retailers and Is

question 27

Multiple Choice

Aiwa Industries sells directly to auto parts retailers and is trying to set a price on a radar detector so that its retailers can sell it for $100. If the retailers need a 30 percent markup--and Aiwa can produce the item for $35--what markup could Aiwa take for itself?

• A) 35%
• B) 100%
• C) 30%
• D) 70%
• E) 50%

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Definitions:

Morale

Morale is the level of confidence, enthusiasm, and dedication a person or group feels towards a task or cause.

Workplace

A physical or virtual location where employees perform their job tasks.

Productivity

The measure of the efficiency of production of goods or services, often calculated as the output per unit of input.

Procrastination

The action of delaying or postponing tasks despite knowing it might have negative consequences.