Amazon.com, Inc. is launching a new electronic device and aims to determine the target cost...
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Accounting
Amazon.com, Inc. is launching a new electronic device and aims to determine the target cost to achieve a desired profit margin. The company's management conducted market research to assess customer demand and competitor pricing. The desired profit margin is 20% of total sales revenue. Estimate the target cost per unit and recommend a pricing strategy to ensure profitability while remaining competitive in the market.
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