A price experiment
A. is useful for obtaining data for a cost-oriented pricing strategy.
B. is a quick and efficient method to decide on a price for a product.
C. cannot be performed if the retailer uses POS terminals.
D. is a less accurate method of determining buyer response to price changes than a consumer panel.
E. is a method of determining the most profitable price for a product.
Answer: E
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Suppose that a change in the expected inflation rate leads supply and demand to adjust so that the after-tax expected real interest rate is unchanged at 2.0 percent. The tax rate is 30 percent. Initially, the expected inflation rate is 3.0 percent. If the expected inflation rate rises from 3 percent to 6 percent, the nominal interest rate
A. rises by 3 percent. B. rises by 4.25 percent. C. falls by 4.25 percent. D. falls by 3 percent.
A ten-year bond has a face value of $10,000, a face interest rate of 11 percent, an unamortized bond premium of $400, and an effective interest rate of 10 percent. The bonds were issued on one of the semi-annual interest payment dates. The entry to record the bond interest expense on the first semi-annual interest payment date is: (assuming the effective interest method of amortization),
a. Bond Interest Expense 520 Unamortized Bond Premium 30 Cash 550 b. Bond Interest Expense 520 Cash 520 c. Bond Interest Expense 550 Cash 550 d. Unamortized Bond Premium 520 Cash 520
Kip opens an account at a Lotsa Goodies Store, and buys a digital music player and other items, but makes no payments on the account. To collect the debt, Mako, the manager, contacts Kip's parents. This violates
a. no federal law. b. the Fair and Accurate Credit Transactions Act. c. the Fair Debt Collection Practices Act. d. the Truth-in-Lending Act.
A company's _____ is/are the only source of competitive advantage that competitors cannot copy
a. human resources b. cost-leadership c. product differentiation d. quality methods