Betty‘s Bakery sells cupcakes to coffee shops and restaurants. The company strives to increase its market share in terms of the revenue generated. This illustrates the _____ pricing objective.
A. status quo
B. profit-oriented
C. bait
D. sales-oriented
Answer: D
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Which of the following is not an issue in accounting for defined benefit plans?
a. The amount of pension expense to be recognized b. The amount of pension liability to be reported c. The amount of funding (contributions) required by the plan d. Disclosures needed to supplement the financial statements
Buyers of consumer goods usually act on the same motives the world over.
Answer the following statement true (T) or false (F)
Organization costs of $15,000 would be treated as follows:
a. Organization Costs is debited for $15,000 and reported under Other Expenses on the Income Statement. b. Each year Amortization Expense is debited for $3,000 and Organization Costs is credited for $3,000. c. Each year, Organization Costs is debited for $3,000 and Accounts Payable is credited for $3,000. d. Each year Amortization Expense is debited for $5,000 and Organization Costs is credited for $5,000. e. Organization costs are divided equally among the incorporators.
Which of the following is FALSE when offering guarantees and free trial offers in persuasive messages?
a. Guarantees and free trials convey a negative connotation that the purchase could be regretted or refused. b. The positive connotations of such messages are stronger than the negatives, since the seller has a definite plan for ensuring that buyers get value for money spent. c. If terms of a guarantee are long or complex, they can be included in an enclosure. d. The purpose of the guarantee or free trial is to deter the reader from personally checking the product and comparing it with competing items.