Although customers expect across-the-board pricing consistency, why might a retailer use a variety of pricing strategies?
What will be an ideal response?
For retailers, the most difficult factors to control are pricing and the supply chain, since different channels require completely different pricing and customer service. In some cases, retailers need to adjust their pricing strategy because of the competition they face in different channels, such as from online competitors. Retailers with stores in multiple markets often set different prices for the same merchandise to compete better with local stores.
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Which of the following should an auditor obtain from the predecessor auditor prior to accepting an audit engagement?
A. Analysis of balance sheet accounts. B. All matters of continuing accounting significance. C. Analysis of income statement accounts. D. Facts that might bear on management integrity.
If two jobs are similar but not the same, then an organization should pay a(n) ______ wage but not necessarily exactly the same wage.
A. lower B. extra C. dissimilar D. similar
If Purchases total $40,000; Freight-In, $3,000; Purchases Discounts, $1,000; and Purchases Returns and Allowances, $500; then total cost of goods purchased will total:
a. $40,000 b. $41,500 c. $38,000 d. $35,500 e. $44,500
Which of the following is NOT true about buying cars?
a. To prevent excessive haggling, do not mention a trade-in vehicle until you have focused on the cost or you are asked. b. Price bargaining is still the preferred method of many buyers. c. The closer your final drive-out price is to the dealer’s cost, the better the deal you have negotiated. d. A growing number of new car dealers use no bargaining sales techniques. e. Promptly answer the sales technique question: “How much do you want to pay?”