Once a company knows that a customer is no longer profitable, which of the folloiwng are appropriate options?
a. Collaborate to reduce costs of service
b. Raise prices
c. Fire the customer
d. Keep the status quo
e. All of the above
f. Only A, B, and C
f. only a, b, and c
You might also like to view...
As more people in a country started hoarding grains in fear of a shortage, a shortage actually occurred. This is an example of a(n) ________
A) positive externality B) information cascade C) moral hazard D) adverse selection
One reason for the recent increases in health care costs is the aging of the American population.
A. True B. False C. Uncertain
If the price level increased from 120 to 130, then what was the inflation rate?
a. 1.1 percent. b. 7.7 percent. c. 10.0 percent. d. 8.3 percent.
Firms do not change prices frequently because:
A. there are legal prohibitions against doing so. B. it is easier to change the quantity of capital used in production. C. customers will refuse to patronize firms that change prices frequently. D. it is costly to do so.