The sales analysis of a product revealed that profits were highest when it was initially introduced into the market with a high selling price. However, the price was gradually reduced as it started facing competition, as substitutes entered the market. This is an example of
A. a one-price policy.
B. introductory price dealing.
C. a skimming price policy.
D. a temporary price cut policy.
E. a penetration price policy.
Answer: C
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Fixed costs are ignored in allocating scarce resources because
a. they are sunk. b. they are unaffected by the allocation of scarce resources. c. there are no fixed costs associated with scarce resources. d. fixed costs only apply to long-run decisions.
The following are characteristics of a contemporary control system, except:
A. It is a key catalyst for an ongoing debate about underlying data, assumptions, and action plans. B. It generates information that is important enough to demand regular and frequent attention. C. It must focus on constantly changing information that is strategically important. D. It circumvents the need for face-to-face meetings among superiors, subordinates, and peers.
Sullivan Consumer Products Co asks its employees to apply four tests in determining whether their behavior violates Title VII with respect to sexual harassment. Which of the following is one of the four tests?
a. Would your friends be impressed with your behavior? b. Do you think your behavior is humorous? c. Would your behavior help you to get a promotion? d. Would you like your behavior reported in your local newspaper?
Determine early start and early finish times for all activities in this network. Activity duration in days appears under each arrow
What will be an ideal response?