Tip: One of the primary purposes of calculating a total cost is to evaluate whether or not a company should produce a product. Marketing firms or departments typically do extensive research with potential customers to determine what price they are willing to pay for a new product, like Wedgewood's specialty candles. After the company knows what price customers are willing to pay and how much it costs to produce each product, they can determine whether or not it makes sense to introduce the new line. This process is called Target Pricing. Using your answer to Q-3.d., decide if Wedgewood Microsoft Word has many should continue to produce the imprinted candle templates, including some line. Assume that Wedgewood needs to make a for formal business letters. If you aren't comfortable 150% markup on their production costs to cover S&A costs and to achieve their desired profit writing a business letter from scratch, start with margin. A high quality, four-inch sculpted candle one of these templates. In can sell for $10.00 to $10.50 in the current market. Word, click on File, then Write a business letter to Jeremiah Wedgewood, New, scroll down and you will see the templates. the company CFO, explaining and defending your Look under Letters to find position on beginning the new line. In doing so, one you like. don't forget that a CFO will want to see the cost and revenue numbers. Tip: One of the primary purposes of calculating a total cost is to evaluate whether or not a company should produce a product. Marketing firms or departments typically do extensive research with potential customers to determine what price they are willing to pay for a new product, like Wedgewood's specialty candles. After the company knows what price customers are willing to pay and how much it costs to produce each product, they can determine whether or not it makes sense to introduce the new line. This process is called Target Pricing. Using your answer to Q-3.d., decide if Wedgewood Microsoft Word has many should continue to produce the imprinted candle templates, including some line. Assume that Wedgewood needs to make a for formal business letters. If you aren't comfortable 150% markup on their production costs to cover S&A costs and to achieve their desired profit writing a business letter from scratch, start with margin. A high quality, four-inch sculpted candle one of these templates. In can sell for $10.00 to $10.50 in the current market. Word, click on File, then Write a business letter to Jeremiah Wedgewood, New, scroll down and you will see the templates. the company CFO, explaining and defending your Look under Letters to find position on beginning the new line. In doing so, one you like. don't forget that a CFO will want to see the cost and revenue numbers