Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do a Memorandum directed to your faculty answering the questions below. Based on the 2-by-2 contingency table to determine the total number of people who

Do a Memorandum directed to your faculty answering the questions below.

Based on the 2-by-2 contingency table to determine the total number of people who fail the diagnostic test, which represents the target market for hearing aid sales from Assignment 2 and the information from the case study, calculate:

  1. How many people will buy the hearing aids?
  2. How much the clinic will make on hearing aid sales to those people based on the

Hearing aid sales mix Hearing Aids

Unit Price

Sales (show the calculations)

Mix

Low-end

$1,000

40%

Mid-range

$2,500

50%

High-end

$4,000

10%

Total

100%

  1. Calculate how much the clinic will expense on the staffing (HINT: you need to calculate the number of employees and the time worked first).
  2. Discuss if it might be a good idea to conduct the Fair and follow up appointments considering the amount of money made and the expense for staffing.
  3. What other potential considerations could influence the marketing department final recommendation?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Power Of Laws

Authors: Terence K Moloisane

1st Edition

B08Z7HTFTJ, B0CP2YDQDK

More Books

Students also viewed these General Management questions