Equival Company wishes to sell truck axles to car manufacturers. The current market price of the axles is $400, and Equival knows it must accept the market price. Currently, it costs the company $330 to produce each axle. The company wishes to make a profit equal to 20% of the price. What strategies should Equival adopt to achieve its objective?

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Equival should adopt the following strategies to achieve its objective 1 Equival should inc... View the full answer