QUESTION 1

1.The IPhone XS has a larger screen than the previous model.This is an example of

new to the market product

new to the company product

improvement to an existing product

extension of an existing product

QUESTION 2

1.In order to break even John must sell30 pairs of shoes a month.His contribution margin per pair is $25.Last month he sold 50 pairs of shoes.What was his profit?

$1000

$500

$0

$10000

QUESTION 3

1.Charlie is developing an electric skateboard.He has a factory in China makemodels for him to test in both fiberglass and wood.These models are

knockoffs

prototypes

conceptual

ideas

QUESTION 4

1.Mary owns a real estate agency.She must pay rent,utilities andinsurance.Shepaysher sales agents on a commission basis.The commission represents

a fixed cost

overhead

profit

variable costs