Which of the following statements about the product life cycle as a pricing constraint is most accurate?
A. Prices should not be changed until a product reaches its maturity stage.
B. Fads will generally have only two price points - high and low - but the values of those price points usually be within 10 percent of each other.
C. The later in the product life cycle a product is, the higher the price that can usually be charged.
D. Once a product is considered nostalgic, the price will continue to rise indefinitely.
E. The newer a product is, the higher the price that can usually be charged.
Answer: E
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A retailer who utilizes a(n) ________ policy charges a constant low price with little or no price promotions and special sales
A) everyday low pricing B) high-low pricing C) low cost D) going-rate pricing E) auction-type pricing
Robert Clark almost always agrees with his leader and does his job according to its formal job description. Robert could be described as a(n) ______.
a. effective follower b. alienated follower c. ineffective follower d. problem employee
Amber has developed a line of organic lotions and handmade soaps with unique, herb-based scents and a touch of bee balm. She plans to sell these products to the wealthy residents of a nearby resort town. Which level of distribution intensity is probably best for this product?
A. intensive B. selective C. exclusive D. collective E. variable
Subtracting nonoperating expenses from operating income yields:
a. income tax expense. b. profit before income taxes. c. net income. d. gross profit. e. none of the above.