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sladkih [1.3K]
3 years ago
6

Marion Cosmetics decides to launch a cream with a claim that it makes skin "10 times smoother and reduces wrinkles by 90%. The c

laim is based on a study of 30 respondents who used products of other brands as well. However, a second study on a larger sample reveals only a mild correlation between the use of the cream and smoother skin and reduction in wrinkles.
Required:
In these circumstances, what is the most ethical approach that Marion Cosmetics can follow?
Business
1 answer:
SVEN [57.7K]3 years ago
3 0

Answer:

It should report the result as it is, or improve the product to match its claim.

Explanation:

In the given situation, it is mentioned that cosmetics decided to introduce the cream with a claim that it makes the skin ten times smoother and decreased wrinkles by 90% also it is depend upon the 30 respondents

But the second study shows that there is a large correlation lies between the usage of the cream & smoother skin & decrease in wrinkles

So the most ethical approach is that it should be reported in the same way or it can be improved the product in order to match its claim

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If the manufacturer of a sophisticated new consumer electronics product determines that many target consumers qualify as "innova
sp2606 [1]

Answer:

The correct answer is letter "B": skimming.

Explanation:

Price Skimming is a strategy that unveils a product that customers will pay for at the highest price. Price Skimming aims at large profits that allow a business to rapidly recover the costs of development. If that product is inelastic -<em>does not change in quantity demanded when price changes</em>, the manufacturer has more reasons to try to set the price as high as the consumer is willing to pay.

5 0
3 years ago
Kent Manufacturing produces a product that sells for $70.00. Fixed costs are $163,200 and variable costs are $28.00 per unit. Ke
kipiarov [429]

Answer:

$330,846

Explanation:

The computation of the  the revised break even point in dollars is shown below:

= (Fixed cost ) ÷ (Profit volume ratio)

where,  

Fixed cost = $163,200 + $8,840

                 = $ 172,040

And the profit volume ratio would be

= (Contribution margin) ÷ (Sales) × 100

where Contribution margin equal to

= Selling price per unit - variable cost per unit

= $70 - $28 + $5.60

= $36.4

So, the profit volume ratio is

= ($36.40) ÷ ($70)

= 52%

So, the revised break point in dollars is

= ($172,040) ÷ (52%)

= $330,846

4 0
3 years ago
Pat, the human resources manager, has significant experience handling ethical issues in the workplace. over the years he has rec
tino4ka555 [31]
<span>Due to Pat's background his ideal role in the organization is and Ethics and Compliance Officer. In this role, Pat would serve as the organizations central point in arbitrating issues around ethics as well as formulating policy and strategies for compliance and auditing thereof.</span>
5 0
3 years ago
Manufacturer's Inc. estimates that its interest charges for this year will be $700 and that its net income will be $3,000. Assum
just olya [345]

Answer:

TIE = 4,985.71

Explanation:

TIE = \frac{EBIT}{interest \: expense}

net income / (1 - tax-rate) = Earnings before taxes

3,000 / 0.7 = 4,285.71

Earnigns before taxes + interest = EBIT (earnings before interest and taxes)

4,285.71 + 700 = 4,985.71

7 0
3 years ago
In its first month of operations, Vaughn Manufacturing made three purchases of merchandise in the following sequence:
olga nikolaevna [1]

Answer:

Ending\ Inventory = \$1920 --- FIFO

Ending\ Inventory = \$1200 -- LIFO

Explanation:

Solving (a):

FIFO method

This means that the first items to be listed were sold out and only 240 of the last item is left

This implies that the following units were sold

340 units at $5; 440 units at $7 and (540 - 240) units at $8

So: We're left with

Ending\ Inventory = 240 * \$8

Ending\ Inventory = \$1920

Solving (b):

LIFO method

This means that the last items to be listed were sold out and only 240 of the fist item is left

This implies that the following units were sold

540 units at $8; 440 units at $7 and (340 - 240) units at $5

So: We're left with

Ending\ Inventory = 240 * \$5

Ending\ Inventory = \$1200

3 0
4 years ago
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