Answer:
The answer is = 1,262,000units
Explanation:
Fixed cost = $648,640
Unit selling price = $7.40
Unit cost price = $5.68
Target profit/net income= $1,522,000
Unit Contribution margin = Unit selling price - unit variable cost
$7.40 - $5.68
=$1.72
Sales in units to achieve its target net income = (fixed Cost + target profit or net income)/unit contribution margin
($648,640 + $1,522,000)/$1.72
=$2,170,649 / $1.72
=1,262,000units
Therefore, Sheridan Corporation needs to sell =1,262,000units to achieve a target income of $1,522,000.
Answer:
A) A firm in an oligopolistic market has to consider its own impact on price when making production decisions
Explanation:
A perfectly competitive market is a market with many firms selling identical product. There are free entry and free exist and the decision of a firm does not affect the price in the market as all firms are price takers. Therefore, each firm is independent under perfectly competitive market and production decisions of a firm in a perfectly competitive market does not affect the price in the market nor will it cause any reaction from other firms.
However, Oligopolistic market is a market where there are few firms which are 3 or more firms but not more than 20 firms selling identical or differentiated product.. Firms in oligopolistic market are interdependent which implies that the decision of one firm can affect price and this can cause reaction from other firms and then lead to a price war. A price war occurs when each firm continually reduces its own price in order to increase its market share which causes other firms to react reducing their own prices and this will make none of the firms to gain in the end. In order to avoid the price war, each firm in an oligopolistic market has to consider its own impact on price when making production decisions.
Rather than being just a random activity, good marketing requires thoughtful planning in determining appropriate actions to produce sound decisions. The most essential rule that company should follow is that there should be detailed and well-thought m<span>arketing plan so that it will have stable ground for developing and success.
Hope that helps!</span>
Answer: Market Penetration Pricing.
Explanation:
MPP, Market Penetration Pricing is a where a company uses a strategy to attract customers to their product. Which also means lowing the price for customers to buy their products.
When lowing a price: This strategy is used to attract customers, they buy their product - then if they like it they will keep buying it even if the price is raised. This is a common strategy for tons of company brands.
Answer:
Both curves shifts rightwards.
Explanation:
When there is an improvement in the technological process then this will to increase the production level of the goods. Technological advancement increases the potential of an economy which in turn increases the supply of goods at the same price level. Improvement in the technological process increases the economy's productivity.
This will shift the short run aggregate supply curve and long run aggregate supply curve rightwards.
