The product manager has been told that the new product they invented costs $38 including fixed and variable costs, and the competition is selling a similar product for $40. ( answer each separately)

1. What questions should be asked before making a decision about producing the product for sale based on what you learned in chapter 6? Provide at least 4 questions.

2 What would you recommend and why?

Chapter Introduction 6.1 Advantages and Disadvantages of Using Credit 6.1a Advantages of Using Credit 6.1b Disadvantages of Using Credit 6.1c Identity Theft 6.2 Three Ways to Set Your Own Debt Limit 6.2a Method 1: Continuous-Debt Method 6.2b Method 2: Debt Payments-to-Disposable Income Method 6.2c Method 3: Debt-to-Income Method 6.2d Keep Student Loan Debt under Control 6.3 Obtaining Credit and Building a Good Credit Reputation 6.3a The Credit Application and Credit Report 6.3b Prescreened, Invitation-to-Apply, or Preapproved 6.3c The Lender Decides on the Application 6.3d Lenders Decides on the Interest Rate 6.3e How to Build Your Foundation for a Good Credit History 6.3f Improving Your Credit History Improves Your Credit Score 6.3g A Free Credit Report Is Yours Every Four Months 6.3h FICO Credit Scores 6.3i Credit Monitoring Is a Waste of Money 6.3j How to Fix Errors in Your Credit Report 6.3k Time Limits on Adverse Information in Credit Reports 6.31 Another Person's Credit History 6.3m Effects of Divorce on Your Credit 6.4 Dealing with Overindebtedness 6.4a 11 Signs of Overindebtedness 6.4b Federal Law Regulates Debt Collection Practices 6.4c Ways to Get Out from under Excessive Debt 6.4d Bankruptcy as a Last Resort