Use the Following Scenario to Answer the Questions

question 133

Multiple Choice

Use the following scenario to answer the questions:
Steve owns a bike store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Steve sold 1,200 bikes.
-Steve's average variable cost was __________ per bike.

• A) $375
• B) $625
• C) $1,000
• D) $2,000
• E) $600

Recognize the impact of the Internet on market dynamics and power relationships.

Identify the components that make up a marketing program.

Understand the concept of utility and how it relates to customer satisfaction.

Grasp the importance of segmentation, targeting, and positioning in marketing.

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Definitions:

Progesterone

A hormone produced in the ovaries, placenta, and adrenal glands that plays a key role in the menstrual cycle, pregnancy, and embryogenesis.

Uterine Tube

A pair of tubes leading from the ovaries to the uterus, important for the movement of eggs and site of fertilization.

Endometrium

The innermost lining layer of the uterus which thickens during the menstrual cycle to prepare for potential pregnancy.

Cellular Hypertrophy

An increase in cell size, often associated with increased organ size and function, typically as a result of exercise or health conditions.