Why is markup pricing most likely impractical?
A) Calculating costs is complicated due to fluctuations.
B) By tying the price to cost, sellers oversimplify pricing.
C) When all firms in the industry use this pricing method, prices tend to be similar.
D) The method ignores demand and competitor prices.
E) With a standard markup, consumers know when they are being overcharged.
D
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In the 1950s, Sony licensed the technology for the transistor from Bell Labs and proceeded to become the world's leading manufacturer of portable radios. Which strategy was Sony using to gain competitive advantage?
A) collaboration B) layers of advantage C) changing the rules D) loose bricks E) engagement
The primacy effect is a perceptual distortion in which an individual is judged based on the first information encountered, whereas the recency effect is a perceptual distortion in which an individual is judged based on ______.
A. the most recent information available B. a comparison to a similar person C. how we think or feel about the person D. beliefs about that person’s group
Facebook's Messenger app allows users to make payments to advertisers via Stripe or PayPal without having to leave the app.
Answer the following statement true (T) or false (F)
Which technology consists of a bright display that sends out visual and, in some cases, audible messages to service desk staff and to customer sites?
A. whiteboards B. dashboards C. simultaneous screen transfers D. instant messaging systems