Any action, other than lowering its price, that a firm undertakes to increase the demand for its output is called
a. limit pricing
b. price enhancement
c. illicit competition
d. nonprice competition
e. price intensive competition
D
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The consumer will pay for ______ of the tax and the seller will pay for ______ of the tax.
A. some; some
B. most; a little
C. all; none
D. none; all
The possibility that changes in the value of a nation's currency will result in variations in the market value of a business's assets is referred to as
A. conversion risk. B. foreign exchange risk. C. hedge risk. D. transaction risk.
Final goods and services refer to ________.
A. goods and services that are unsold and therefore added to inventories B. goods and services purchased by ultimate users, rather than for resale or further processing C. goods and services whose value has been adjusted for changes in the price level D. the excess of U.S. exports over U.S. imports
"External economies" derive from all of the following except
(a) the joint use of transportation facilities. (b) labor force concentrations in urban areas. (c) social overhead facilities such as police and fire protection. (d) economies of management associated with large firms.