Which of the following is a profit-oriented pricing objective?
A. growth in market share
B. target return
C. sales growth
D. nonprice competition
E. meeting competition
Answer: B
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Your aunt has $500,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000 at the beginning of each year, beginning immediately. When she makes her last withdrawal (at the beginning of a year), she also wants to have enough left in the account so that you can make a final withdrawal of $50,000 at the end of that year (her last withdrawal is at the beginning of the year, your withdrawal is at the end of that same year). What is the maximum number of $45,000 withdrawals that she can make and still have enough in the account so that you can make a $50,000 withdrawal at the end of the year of her last withdrawal? (Hint: If your solution for N is not an integer, round down to the nearest whole number.)
A. 13 B. 14 C. 15 D. 16 E. 17
In terms of responsibility and accountability, the belief that a firm and its leaders should be responsible only to its owners or shareholders is a(n) ______ orientation.
a. traditional economist b. traditional leadership c. opportunity seeker d. integrator
The matching principle requires businesses to report Warranty Expense ________.
A) in the same period that the company records the revenue related to that warranty B) in the period prior to which the company records the revenue related to that warranty C) in the period after the related revenue is recorded D) in the long-term assets section of the balance sheet
Price discrimination is allowable under the Robinson-Patman Act if _____
a. price differences can be justified by differences in costs b. large retailers exert bargaining power c. large retailers threaten to produce their own brand d. products have different brand designations