Assume you have launched a new business to manufacture The Sun Grill, a solar-powered cooking...
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Accounting
Assume you have launched a new business to manufacture The Sun Grill, a solar-powered cooking pan for camping. Your business analyst estimates that the grills price will stabilize at approximately $40 as similar products are introduced by competitors. Based on the analysts projection, your long-term goal is to earn $5.00 on each unit sold.
What is your products target price? What is its target profit per unit? What is its target cost per unit?
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