A New Product, an Automated Crepe Maker, Is Being Introduced

question 6

Multiple Choice

A new product, an automated crepe maker, is being introduced at Miyake Corporation. At a selling price of $73 per unit, management projects sales of 20,000 units. Launching the crepe maker as a new product would require an investment of $400,000. The desired return on investment is 17%. The target cost per crepe maker is closest to:

• A)$69.60
• B)$85.41
• C)$81.43
• D)$73.00

Distinguish between different research methods and their applications in psychological studies.

Understand the concept and utilization of control and experimental groups in research design.

Recognize the role and definition of independent and dependent variables in experimental research.

Appreciate the ethical considerations and methodological rigor required in psychological experiments.

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Definitions:

Imaginary Audience

A belief of adolescents that they are or will be the focus of attention in social situations and that others will be as critical or approving as they are of themselves.

Naive Idealism

A cognitive development stage often observed in young adults and teenagers, characterized by the belief in the perfectibility of humans and society, sometimes without a practical understanding of the complexities involved.

Imaginary Audience

The belief, particularly common during adolescence, that one is constantly being watched and judged by others.