You read about a concept that is considered to be a powerful…

You read about a concept that is considered to be a powerful tool for entrepreneurs who want to create new markets instead of competing within established markets. It described 2 different categories of markets as two different types of oceans. From the choices below, select the correct response presented in the correct order. 1. ________ Oceans are all the industries in existence today that serve the known market space, where industry boundaries are defined, accepted, and the competitive rules of the game are known. 2. ________ Oceans, in contrast, denote all the industries not in existence today – the unknown market space, untainted by competition, where demand is created rather than fought over. 

Formulas you may need: Price Elasticity of Demand = % change…

Formulas you may need: Price Elasticity of Demand = % change in quantity demanded / % change in price % change in quantity demanded = (new quantity – old quantity) / old quantity % change in price = (new price – old price) / old price   Break-Even Volume (BEV) = fixed costs / unit margin OR BEV = fixed costs / (revenue per unit – variable cost per unit)

Scenario A Every holiday season, my #1 responsibility is to…

Scenario A Every holiday season, my #1 responsibility is to make sure my daughter has a great Christmas, which, in childhood, has primarily meant delivering on the toys that she most wants.  High on her list years ago was Puppy Surprise, which, essentially, is a stuffed “precious mommy puppy” that comes with a “surprise number of puppies in her litter” (could be 3, 4, or 5 tiny stuffed puppies tucked inside her belly).  Trust me, I know how all of this sounds.  Anyways, Puppy Surprise is manufactured by Just Play, which “manufactures toys for kids of all ages” and, in addition to producing their own toys, is licensed to produce toys for many of the world’s leading entertainment brands (Disney, Marvel, Nickelodeon, etc.).  Just Play distributes the toys they manufacture to every major mass retailer throughout North America. 

Given the information available in the table below, what is…

Given the information available in the table below, what is the Wholesaler’s margin percentage? CHANNEL MEMBER COST SELLING PRICE MARGIN % Supplier/Manufacturer $179.52 $224.40 20% Wholesaler not provided not provided      ???      Retailer $264.00 $300.00 not provided Consumer $300.00 — —