Answer:
Target dollar sales = $353,333
Explanation:
First we need to find out how much contribution do we need to get a profit of 70,000.
Profit= Contribution - Fixed cost.
70,000=Contribution-36,000
70,000+36,000=106,000
Contribution= 106,000
Now in order to find the sales we will use the formula
Target Sales= Contribution/Contribution margin
Contribution = 106,000
Contribution margin =30%=0.3
Input the values into the formula
106,000/0.3=353,333.333
Answer:
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Answer:
Market Research
Explanation:
Market Research is the term which is explained as the process of determining the viability of the new product or service by research which is directly conducted or performed with the potential customers.
It allows the business to discover the target market and the get feedback from the customers regarding their interest in the service or product.
Therefore, market research is the one which relies on the analysis, identification, distribution of the data in order to discover and slove the marketing problems.
A) Export from the US:
Pros: Little intial cost for the company. Export led growth which is high in return.
Cons:This has problems since we should need a local importer and distributor. We would be dependent on local partners and might not be able to compete effectively.
(B) to license a european firm to manufacture and market the computer in europe.
Pros: Very low cost. We can quickly enter the market. Leave marketing and manufacturing to another firm.
Cons: Again, we lose control over our export market. Dependent on another company. If the relationship breaks down for some reason, it can take the whole European business with it.
C) To set up a wholly owned subsidiary in Europe.
Pros: Can develop the whole company in our own vision. Can apply for and defend patents better. Understand the local market and adapt to it.
Cons: It is very expensive with high costs of investment and operations.
Initial asset is $28,158.
Final asset is $21,407.
The difference is
Since this is a span of 8 years, $6,750 is divided by 8.
On average, the asset increases by $843.75.