7. When implementing a Balanced Scorecard, which one of these behavioural aspects would not be a key consideration: a. Not all working in the organisation are involved b. Gaining employee support c. Top level management support d. Managers need to support the implementation 8. Home and Gather are in the business of selling homewares and small furniture items to local customers on the Gold Coast. They are looking at introducing vintage coffee tables to their existing product range. Market research indicates that these tables could be sold for $250 each. The company budgets for a 30 per cent profit margin. The budgeted cost of the tables are expected to be 70 per cent of the target cost. A supplier has offered to provide the tables for $150 each. What price reduction must be negotiated with the supplier to meet the expected cost? a. $75.00 b. $27.50 c. $25.00 d. No cost reduction is required to meet the expected cost. 9. Life cycle costing is a decision making model that considers changes in price and costs over the life cycle of the product. Which is n_ot a characteristic of this model? a. Some products will have high upfront costs that will taper off in later years. b. Initial investment costs associated with the production of the product are not included. c. businesses look at areas where costs can be reduced during the life cycle of the product d. A method for budgeting which may include the use of the net present value method