po QUESTION 19 Assume that you have a product with the following characteristics: estimated sales volume 10,000, product cost $200; retailer margin 40%; invested capital $1.5 million. What is the approximate retail price, applying markup pricing of 20%? a. $375 Ob. $350 Oc. $380 Od. $400 QUESTION 20 Having spare production capacity, your firm and all competing firms in a Mikes Bikes simulation dropped bike prices by 10%. What is the likely outcome for your firm? Oa. Sales units-up, sales revenue-up, market share same Ob. Sales units up, sales revenue-up, market share-up Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers 1 p