Which of the following would be used in setting the price of a new product if considerable competition is expected?
A. Psychological pricing
B. Penetration pricing
C. Odd-number pricing
D. Price skimming
E. Reference pricing
Answer: B
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Franklin Company is a medium-sized manufacturer of bicycles. During the year a new line called "Radical" was made available to Franklin's customers. The break-even point for sales of Radical is $250,00 . with a contribution margin ratio of 40 percent. Assuming that the profit for the Radical line during the year amounted to $80,000 . total sales during the year would have amounted to:
a. $450,000. b. $420,000. c. $400,000. d. $475,000.
Answer the following statements true (T) or false (F)
The only mediating mechanism through which self-leadership can help facilitate stress coping is through increase in positive emotions.
Thirty-six percent of the students in a management class are graduate students. A random sample of 5 students is selected. Using the binomial probability function, determine the probability that the sample contains exactly 2 graduate students? (Round to four decimal places.)
What will be an ideal response?
Mark has been an underwriter for 20 years. An application he recently reviewed looked odd to him
The building value in the application seemed far too high, and Mark suspected the applicant might be planning to destroy the property after it is insured. Mark hired an outside firm to investigate the applicant and to prepare a report about the applicant. This report is called a(n) A) agent's report. B) binder. C) physical inspection. D) inspection report.