Which of the following is a possible trap of a price-cutting strategy?
A) Low prices usually achieve increases in both market share and market loyalty when customers switch.
B) The company might need additional business because it has excess plant capacity.
C) The company can initiate price cuts to dominate the market through lower costs.
D) Consumers might not demand price concessions in the future.
E) Competitors that match low prices might have longer staying power because of deep cash reserves.
E
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In 2024, it is predicted that Hispanic workers of all nationalities will be ______% of the workforce.
A. 10 B. 20 C. 30 D. 40
Which term represents all money claims against other entities, including people, business firms, and other organizations?
a. investments b. receivables c. cash d. plant assets
The Internet is superior to traditional channels because ____________
a. costs are much lower when there is no physical location. b. the Internet is always open for business, whereas traditional channels may have limited hours. c. more customers will eventually access the Internet than will use traditional channels. d. it's better able to help researchers collect data on consumer information and search behaviors. e. it can distribute both products and services much faster.
The first step in the journalizing and posting process is to ________
A) post the journal entry to the ledger B) identify the accounts involved and the account type C) decide whether each account increases or decreases D) record the transaction in the journal