Need help with the Question below what is (Best Answer, Correct but incomplete, or Incorrect )

1- What is Profit? t

A- The difference between the amount of revenue generated and the expenses paid.

B- The difference between the Retail Selling Price and Brand Equity

C- Retail Selling Price minus Cash Flow

2. If you sold 300 products last period, have 100 products remaining in inventory, and expect to sell 500 products this period, how many products should you manufacture?

400

500

200

3. What are the consequences of not manufacturing enough products to meet consumer demand?	Missed sales and may drive sales to competitors.	Ties up money that could be used for other purposes.	Missed Sales

4. What are Cost of Goods Sold (COGS)?

Cost of manufacturing products

Cost of manufacturing products purchased by customers

Cost of manufacturing products to be purchased by customer

5- Why are consumer profiles important?

Helps you align your profit to consumer preferences.

Helps you determine consumer demographics.

Helps you align your product to consumer preferences.

6. If you received and repaid a loan and the total repayment was $1,100, including 10% or $100 interest paid, what was the Principal amount of the loan?

A- $1,100

B- $88

C- $1,000

7. If in month 2 you took out a loan for $1,000 and fully repaid $1,100 for the loan 8 months later what was the Amortization Period?

10%

8 months

6 months