Determine the breakeven point in units using the total fixed cost, $4,000; variable cost per unit, $20; and selling price per unit, $100.
If a goal is to avoid storing or discarding merchandise, what pricing strategy should be selected?
Why do sportswear stores calculate breakeven in units?
A sporting event setting ticket prices based on the ability of potential customers to pay is an example of what pricing strategy?
An increase in ticket prices is most accepted by fans if a sport has which demand for tickets?
What do sales beyond the breakeven point provide to a business?
Why would an event marketer promote an upcoming celebrity golf tournament at an exclusive course as an once-in-a-lifetime event?
A business purchased a line of items for resale that cost $9.32 each. Expenses total $1.65 per item. What is the breakeven price per item?
A business decided to produce 6,000 football cushions and sell them for $6 each. They cost the company $4 each to produce. How many cushions must the company sell to break even?
When a hockey team set its ticket prices so it can achieve its goal of increasing its fan base by five percent, the hockey team established a price objective in conjunction with which type of activity?
If the selling price of a product is $430 per unit, and the number of units required to reach the breakeven point is 2,100, what is the total dollar sales the business needs to break even?
The variable cost for a product is $3, and the total fixed costs are $288,000. The company sells the products for $6 each. How many products will the company have to sell to break even?
When setting ticket prices for professional baseball games, the organization considers the performance of the team. Which factor is considered?
A professional football team that increased ticket prices for next season because the team is on a winning streak selected a pricing strategy based on which situation?
A college athletic department set the football ticket prices so that the organization can earn income of $12 per ticket after covering expenses. This is an example of a price objective based on which component?
A soccer camp provided five leaders at $8 per hour for eight hours a day for five days. If benefits are 20% of the wages and supplies total $650, calculate the cost per person if 40 players attend.
Which is the least important factor when selecting a pricing strategy?
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