A pricing strategy that involves constantly updating prices to reflect changes in supply, demand, or market conditions is called
A. penetration pricing.
B. market pricing.
C. demand pricing.
D. dynamic pricing.
E. flexible pricing.
Answer: D
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When properly created, a strategic business unit (SBU) of a large company:
A. has a specific target market. B. plans collaboratively with other SBUs of the company. C. has no competitors. D. shares the mission of its parent company.
The basis for recording direct and indirect labor costs incurred is a summary of the period's:
A) job order cost sheets B) time tickets C) employees' earnings records D) clock cards
Which of the following is NOT a characteristic of a functional strategy?
a. A functional strategy is developed and implemented at a lower level in the corporate hierarchy. b. A functional strategy has a shorter time horizon. c. A functional strategy is more broad and abstract when compared to higher level strategies. d. A business strategy may have many functional strategies.
At the end of the period, the balance remaining in work in process is reported on the balance sheet.
Answer the following statement true (T) or false (F)