Answer:
Break even = $50 per visit
$100,000 profit = $60 per visit
Explanation:
In order to break even, the total revenue of the expected 10,000 visits must equal the costs necessary to perform them. The cost per visit is the only variable cost with the others being fixed costs:
In order to break even, the hospital must charge $50 per visit.
In order to earn an annual profit of 100,000, That profit must be spread out over the 10,000 visits, the profit required per visit is:
Since the break even price is $50, the hospital must charge $60 to earn an annual profit of $100,000.
Marketing is<u> business</u>. satisfying customers at a profit the business function that identifies customers and their needs and wants product, place, promotion, and price all of the above.
Marketing is the process of researching, creating, and offering value to meet the needs of a target market for goods and services. May include target group selection. Choose specific attributes or topics to highlight in your ad. conduct advertising campaigns; participate in trade fairs and public events; Buyer-friendly product and packaging design.
Defining terms and conditions of sale such as prices, discounts, warranties, and return policies. Posting products to the media or to individuals who are believed to influence the buying habits of others.
Agreements with retailers, wholesalers, or resellers; seeking to generate brand awareness, loyalty, and positive sentiment; Marketing is usually done by the seller, usually a retailer or manufacturer. Tasks may also be assigned to special marketing companies or advertising agencies.
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- Demand from consumers is both personalized and ever-changing.
- The price fluctuates in line with the performance of the stock market.
<h3>What is Demand?</h3>
Generally, asking for something urgently and vehemently, as though by right.
In conclusion, In economics, strong demand and low supply lead to higher prices, whereas the reverse is true when the supply is high and the demand is low. Equilibrium prices exist for every item.
This approach is used by online merchants since each customer demands a product with varying levels of intensity. Because their need for the goods is more pressing than others, some customers are willing to pay more. Discounts, buy one, get one free, and limited-time offers allow them to influence customer demand.
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Answer:
The fixed overhead cost that can be eliminated if the bowls are purchased from an outside supplier is a relevant cost. The variable selling cost of the snack is also a relevant cost.
The correct answer is A
Explanation:
Relevant costs are costs that relate to future decisions. All variable costs are relevant for decision-making. Eliminated fixed overhead are also relevant for decision-making.
