Yuhu manufactures cell phones and is developing a new model with a feature (aptly named Don't Drink and Dial) that prevents the phone from dialing an owner-defined list of phone numbers between the hours of midnight and 6:00 a. m. The new phone model has a target price of $360. Management requires a 10% profit on new product revenues.

Required: If required, round to the nearest dollar.

A. Calculate the amount of desired profit. $
B. Calculate the target cost.

Desired profit is $36

Target cost is $324

Explanation:

the desired profit is 10% of the target sales price of $360 ,the desired profit computation is shown below:

Target price                                   $360

Target profit ($360*10%)                $36

Target cost($360-$36)                   $324

Target cost is the target competitive market price less desired target profit.

Targeting is used in such a way that the price charged is related to what the consumers are willing to pay not what the manufacturer thinks they should payment, hence it is a reflection of current market conditions and realities

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answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.