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Cc Inc. manufactures large workbenches for industrial use. Recently, CC's Sales have been declining because of aggressive pricing by competitors. CC's workbench sells for $850
Cc Inc. manufactures large workbenches for industrial use. Recently, CC's Sales have been declining because of aggressive pricing by competitors. CC's workbench sells for $850 compared to competitors' price of $810 for a comparable workbench. Cost data based on sales of 13,000 workbenches: a. Calculate CC's current profit per unit. b. If CC reduces the price to the market price of $810 per workbench, what is CC's necessary target cost per unit to achieve the current profit margin percentage
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