Travis Corporation sells a product for $100 per unit. Its market share is 32 percent. The market share can be increased to 40 percent with a reduction in price to $87. The product is currently earning a profit of $23 per unit. The president of Travis Corporation feels that the company needs to maintain the same profit level per unit. The total market consists of $1,000,000 (10,000 units). What is the target price per unit?
Writingexpert.net helps students cope with online college assignments and write papers on a wide range of topics. We deal with online discussion classes, academic writing, creative writing, and non-word assignments.
Phone: +1 (940) 905 5542