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Management and Organizational Studies
Management and Organizational Studies 1021A/B
Kevin Thompson

If a company's total annual revenues are $270,000, and its total cost for the same year was $180,000, then its profit would be $90,000. $270,000 minus $180,000 equals $90,000 is its: Break-even in dollars. → Profit equation. Price elasticity. Break-even in quantity. Profit objectives are often measured in terms of return on investment True False Specify the role of price in an organization’s marketing. Jamal read the following on the second page of the stockholder's report for a manufacturer of automobile parts: "Our goal for the next five year period is to double our return on investment." He now knows the company has __________ goals. → profit
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