How has the Internet made it easier for companies to use dynamic pricing strategies? Use an example in your explanation
What will be an ideal response?
A dynamic pricing strategy involves easily adjusting prices to meet changes in the marketplace. The cost of changing prices in a brick-and-mortar retail store involves labor, advertising, and materials; the cost of changing prices online is minimal and can also be instant. For example, with the Internet the marketers of rock concert tickets can adjust concert ticket prices on the basis of supply and demand so that a ticket for a certain seat might cost more or less depending on which day the customer logs on to the Internet to make the purchase.
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A company forgot to record four adjustments during 2013 . Which one of the following omissions of adjustments will understate net income?
a. Sales made during the last week of the period are not recorded. b. Interest on monies borrowed has not yet been recorded. c. Prepaid insurance is not reduced for the portion of the policy that has expired during the period. d. Income taxes owed but not yet paid are ignored.
Refusing to perform any act that would be considered unjust is an example of which of the following specific behaviors of high integrity?
a. Reproaching just acts b. Processing humility c. Maintaining reciprocity d. Take responsibility
Performance measurements, also known as ________, allow companies to assess whether or not they are doing a good job servicing their customer.
Fill in the blank(s) with the appropriate word(s).
Why is it important for sales representatives to know whether a potential business customer is making a new buy or a modified rebuy decision?
What will be an ideal response?