Discuss the conditions under which a company might consider using price cuts or price increases
What will be an ideal response?
Price cuts may be necessary when there is excess capacity. Another time to cut prices is when market share is falling in the face of strong price competition. A company may also cut prices in a drive to dominate the market through lower costs. A major factor in price increases is cost inflation. Rising costs squeeze profit margins and lead companies to pass cost increases along to customers. Another factor leading to price increases is over-demand. When a company cannot supply all its customers' needs, it can raise its prices, ration products to customers, or both.
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James listens to followers openly and does not criticize their ideas. He is demonstrating which of the following of the behaviors of transformational leaders?
A. inspirational motivation B. intellectual stimulation C. individualized consideration D. idealized influence
Which of the following would be a bearer instrument?
a. A check payable to "cash." b. A check that says "pay to the order of John Jones." c. A check that says "pay to the order of bearer." d. A check payable to "cash" or a check that says "pay to the order of bearer."
Only when a country's political/legal environment is unstable or revolutionary is it of concern to managers.
Answer the following statement true (T) or false (F)
If a contract is not clearly unilateral or bilateral, the courts presume that the parties intended a unilateral contract
Indicate whether the statement is true or false