BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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₱150.00
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₱300.00
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₱120.00
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₱200.00
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Detailed explanation-1: -The most common way to price a candle is to calculate the costs associated with producing a batch (wax, materials, packaging costs and shipping fees) and divide the amount by the number of candles in the batch. Then, multiply the result of the division by three or four to obtain a market price.
Detailed explanation-2: -The average profit margin on a candle is around 25% to 50%. Keep in mind that this can vary based on a variety of factors such as the average cost of materials, shipping, labor, and your unique niche or target market.
Detailed explanation-3: -global Scented Candles market size was valued at USD 604.99 million in 2021 and is expected to expand at a CAGR of 3.6% during the forecast period, reaching USD 748.07 million by 2027.
Detailed explanation-4: -The global scented candles market is segmented based on category, material, distribution channel, and geography. Based on the category, the market is segmented into mass and premium.