Valeo Fashions has just introduced a new line of fashion dresses for teens. The line will initially enter the market at high prices in a ________ strategy
A) penetration pricing
B) skimming pricing
C) price leadership
D) yield management pricing
E) value pricing
B
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The cash basis method of accounting can be best described as:
a. The recording of transactions and adjustments so that debits equal credits. b. The method that equates assets with liabilities and owners' equity. c. The method that recognizes revenue when money is received and expenses when money is paid. d. The method that matches incurred expenses with related revenues when they are earned.
When microwaves were new, they often cost over $300, were huge, and had numerous settings and options. Brenda and Bart waited, concerned about potential health hazards and wishing for more choices in the market. By the time they purchased a microwave, sales of microwaves had leveled off and prices had declined significantly. Brenda and Bart were part of the ________ diffusion of innovation group.
A. early adopter B. innovator C. laggard D. early majority E. late majority
Answer the following statements true (T) or false (F)
1. Sensitivity analysis empowers managers with better information for decision making by analyzing how various business strategies will affect profits earned by the company. 2. Managers can use CVP relationships to conduct sensitivity analysis. 3. An increase in sales price per unit decreases the contribution margin per unit. 4. An increase in sales price per unit increases the number of units required to break even. 5. When the variable cost per unit decreases, the contribution margin on each unit sold also decreases.
Consumers have little concern as to which channel member in a value chain performs each service
Indicate whether the statement is true or false