Cliff is struggling with the price of produce at his well-established produce markets. The reputation of the markets attracts repeat customers from a 50-mile radius. Recently, local farmers started increasing produce prices for him due to the upsurge in gas prices. Now, Cliff feels it is time to pass the costs onto his customers. Which of the following should Cliff estimate to determine the effect of price changes?
A. Reference price
B. Fixed costs
C. Price elasticity
D. Break-even point quantity
E. Markup percentage
Answer: C
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A) create greater efficiency in making goods available to target markets B) supply inexpensive raw materials for manufacturing products C) provide technical expertise for faster production D) monitor day-to-day activities during production E) form a part of the company's direct channel
Leader-member exchange theory focuses on the leader's
A. position in the organization. B. vision. C. traits. D. behavior. E. relationships with followers.
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A. previous experiences. B. exposure to the attitudes of others. C. family and friends. D. promotion that is directed toward them. E. All these answers are correct.
Optimal capital structure "first" criteria suggests that RISK should be ________ and that the best way to obtain that is with ________ levels of debt and ________ levels of equity
A) high; high; low B) low; high; low C) low; low; high D) high; low; high