True or False: At the start of your t-shirt business, your focus should be on profit.Answer instructionsTrueFalse

T-Shirt Profit   Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to benefit homeless people on Long Island. They will sell Yoda vs. Alien T-shirts in the student center, but are not sure how much to charge. Sig Ep treasurer Augustus recalls that they once sold 150 shirts in a week at $7 per shirt, but Ep Sig treasurer Julius has solid research indicating that it is possible to sell 350 per week at $3 per shirt.(a)On the basis of this information, construct a linear demand equation for Yoda vs. Alien T-shirts. Hence obtain the weekly revenue R as a function of the unit price x.R(x) = (b)The university administration charges the fraternities a weekly fee of $200 for use of the student center. Write down the weekly profit P as a function of the unit price x.P(x) = Determine how much the fraternities should charge (in dollars per T-shirt) to obtain the largest possible weekly profit.x = $ per T-shirtWhat is the largest possible weekly profit (in dollars)?$

7. Pricing strategies should be determined by profit targets alone. True False

True or False. All market leaders must solely focus on Action stage marketing.FalseTrue

True or False: Inexpensive marketing strategies can be effective for startup growth.

Where does a typical t-shirt begin its life?