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Seneca College *

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440

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Management

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Nov 24, 2024

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pdf

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Uploaded by BrigadierWillpower1924

10/30/23, 9:23 AM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4637661&cmid=1260610 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHB - Nardi / CHAPTER 5 - Pricing Methods / Chapter 5 Quiz Question 1 Correct Mark 1.00 out of 1.00 Started on Sunday, 29 October 2023, 11:43 PM State Finished Completed on Sunday, 29 October 2023, 11:53 PM Time taken 9 mins 46 secs Grade 5.00 out of 10.00 ( 50 %) Based on the most recent market research, a restaurant is recommended to price its deluxe cheeseburger platter at $20 per unit. If the company requires a profit of $9 per platter, the target cost should be: Select one: a. $20 per platter b. $9 per platter c. $11 per platter d. $10 per platter Your answer is correct. Explanation: The target cost is determined by taking the difference between the predetermined selling price and desired profit. Therefore, the restaurant’s target cost is $11 ($20 − $9) per platter. The correct answer is: $11 per platter
10/30/23, 9:23 AM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4637661&cmid=1260610 2/2
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