List the two primary determinants of price. What other factors can affect price setting?
What will be an ideal response?
The price established depends primarily on (1) DEMAND for the good or service and (2) the COST to the seller of that good or service. Other factors that would influence price include distribution strategies, promotion strategies, perceived quality, and stage in the product life cycle (including competition).
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Section 301 of the Trade Act of 1974 emphasized
a. the use of strategic trade policy. b. the welfare effects of export subsidies. c. relatively low-wage levels of developing countries. d. unfair trading practices of American trading partners.
The courts generally infer an intent to deceive from the fact that the defendant knowingly made a misstatement to a plaintiff who was likely to rely on it.
Answer the following statement true (T) or false (F)
________ is a projective technique in which respondents are presented with a number of incomplete sentences and asked to complete them
A) Word association B) Sentence completion C) Story completion D) Expression completion
A mandate to reduce costs, increase product quality, and/or improve production processes through continuous improvement is known as
a. kaizen costing. b. activity-based costing. c. the theory of constraints. d. mass customization.