For convenience, pricing objectives can be divided into three categories. They are:
a. refundable, competitive, and attainable.
b. perceived, actual, and situational.
c. differentiated, niche, and undifferentiated.
d. profit oriented, sales oriented, and status quo.
ANSWER: d
For convenience, pricing objectives can be divided into three categories. They are profit oriented, sales oriented, and status quo. Profit-oriented pricing objectives include profit maximization, satisfactory profits, and target return on investment. Sales-oriented pricing objectives are based on market share as reported in dollar or unit sales. Status quo pricing seeks to maintain existing prices or to meet the competition's prices.
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The duty to mitigate damages:
A. allows the non-breaching party to waive his or her right to insist on complete performance. B. requires the plaintiff to recover damages only in case of physical injuries. C. requires the plaintiff to do so without undue risk, expense, or humiliation. D. is not applicable unless the defendant had reason to foresee them at the time the contract was created.
______ was the country that exported the highest total value of service exports in 2013.
Fill in the blank(s) with the appropriate word(s).
Markus, Inc produces a specialized machine part used in forklifts. For last year's operations, the following data were gathered: Units produced: 55,000 Direct labor: 29,000 hours @ $9.00 Actual variable overhead: $135,000 Markus employs a standard costing system. During the year, a variable overhead rate of $5.00 was used. The labor standard requires 0.50 hours per unit produced. The variable
overhead spending and efficiency variances are, respectively: A) $10,000 U and $7,500 U. B) $10,000 F and $7,500 U. C) $7,500 U and $10,000 F. D) $10,000 F and $7,500 F. E) none of these.
Which of the following is true of financial institutions?
A. Financial institutions are the regulators of interest rates and other returns in financial markets. B. Managers of financial institutions should have an understanding of factors that cause interest rates and other returns in the financial markets to rise and fall. C. Financial institutions are accountable and responsible in reporting financial information for publicly-traded corporations. D. Financial institutions are required by the Sarbanes-Oxley Act to disclose the environment-friendly measures taken by investment corporations. E. Financial institutions require public corporations to adopt socially responsible work practices.