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When selling a product, marketing plays a crucial role. Marketing costs are classified as period costs which include fixed and variable costs. Choose a product or service that you would like to market. Then, choose one of the following questions to discuss: What techniques and concepts would you use to optimize the marketing cost? Discuss no more than two techniques and/or concepts. How can cost volume profit (CVP) analysis be used in this scenario? List three fixed costs and three variable costs that impact marketing a product. Which costs would be easier to reduce and why?

When selling a product, marketing plays a crucial role. Marketing costs are classified as period costs which include fixed and variable costs. Choose a product or service that you would like to market. Then, choose one of the following questions to discuss: What techniques and concepts would you use to optimize the marketing cost? Discuss no more than two techniques and/or concepts. How can cost volume profit (CVP) analysis be used in this scenario? List three fixed costs and three variable costs that impact marketing a product. Which costs would be easier to reduce and why?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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When selling a product, marketing plays a crucial role. Marketing costs are classified as period costs which include fixed and variable costs. Choose a product or service that you would like to market. Then, choose one of the following questions to discuss: What techniques and concepts would you use to optimize the marketing cost? Discuss no more than two techniques and/or concepts. How can cost volume profit (CVP) analysis be used in this scenario? List three fixed costs and three variable costs that impact marketing a product. Which costs would be easier to reduce and why?
Transcribed Image Text:When selling a product, marketing plays a crucial role. Marketing costs are classified as period costs which include fixed and variable costs. Choose a product or service that you would like to market. Then, choose one of the following questions to discuss: What techniques and concepts would you use to optimize the marketing cost? Discuss no more than two techniques and/or concepts. How can cost volume profit (CVP) analysis be used in this scenario? List three fixed costs and three variable costs that impact marketing a product. Which costs would be easier to reduce and why?
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