Resale price maintenance occurs when:
A) A retailer refuses to lower its price even though competitors have lowered their prices.
B) A manufacturer sells its products only to those dealers who agree to charge a certain
price.
C) A wholesaler refuses to offer volume discounts to its high volume customers.
D) A manufacturer sells its products to its dealers for the same price in all states even though
the retail market is much more competitive in some states than in others.
E) Competitors agree to sell their products for the same price.
B
You might also like to view...
Computer-mediated communication takes place via
a. computers. b. cell phones. c. pagers. d. all of the above
The number of strata to use is a matter of judgment, but experience suggests the use of no more than eight
Indicate whether the statement is true or false
A soup company found its canned nacho cheese sauce was too hot for Americans in the East and not hot enough for those in the West and the Southwest
As a result, the company's plants in Texas and California produce a hotter nacho cheese sauce than is produced in its other plants. The company is using ________ segmentation. A) geographic B) life cycle C) psychographic D) lifestyle E) usage
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14, Johnson returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 5,194 | |
| Accounts receivable | 5,194 |
B.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
C.
| Cash | 5,194 | |
| Sales discounts | 106 | |
| Accounts receivable | 5,300 |
D.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |
E.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |