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An organization uses market research information to determine the price the customers are willing to pay for their product given the specific features are added

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An organization uses market research information to determine the price the customers are willing to pay for their product given the specific features are added to their product. They found that customers are ready to pay OMR 140 if they add the features that cost OMR 50 extra to their existing cost of OMR 70. The company set the target price to be 40%. Is it feasible for the company to produce the product? O a. It is feasible to get 40% profit from the product as the cost is OMR 120 and the Profit is OMR 80 which is just 60 % O b. It is not feasible to get 40% profit from the product as the cost is OMR 120 and the Profit is OMR 10 which is just 8.33% OC It is not feasible to get 40% profit from the product as the cost is OMR 120 and the Profit is OMR 20 which is just 14.3 % O d. It is feasible to get 40% profit from the product as the cost is OMR 50 and the Profit is OMR 20 which is just 41.6 %

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