Frederick Douglass Essays Samples That Help You Write Better, Faster & with Gusto

Principles of Marketing

Question 1 This question is about the needs, wants and demands of the person or individual. It indicted to create unnecessary needs, wants and demands. As being a marketer, it is recognized that needs are known as a feeling whereas want is measured as a product which only satisfy the feeling (need). On the other hand, demand illustrates the persons wish that he or she wants to have. For example, an individual need a transport, the want is Ferrari, whereas the demand is whether they can afford it or not. According to Roberts, Dant and Lim (2015:38), the needs Continue reading...

Part 1

Introduction. Based on the current economic situation and the desired quality, the production cost is estimated as; direct material= $15 and direct labor = $5. The unit production cost is:

If the fixed costs are $7500; the cost function for our headphones is; Cx=20x+$7500

With a budget of $ 150,000, the number of headphones that I can produce is calculated as follows; $150,000=20x+$7500 = 150,000-750020 = 7125 headphones.

If the price-demand equation is x= 9600-30p. The revenue function R(x) = unit price × quantity sold = xp But x= 9600-30p thus the revenue function is; Rx=9600-30pp =9600p-30p2 Profit function P( Continue reading...