A manager at Dillard's discovers that JCPenney has reduced the price of its children's Levi's from $31.99 to $24.99, according to an advertisement in the Sunday newspaper. She immediately phones her store and instructs the salesperson on duty to put a sign up next to their children's Levi's that reads, "SALE: $24.99." This is an example of what pricing strategy?
A. Secondary-market pricing
B. Periodic discounting
C. Reference pricing
D. Random discounting
E. Comparison discounting
Answer: D
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Fossil fuels are full of energy stored from photosynthesis millions of years ago.
Answer the following statement true (T) or false (F)
Acme Global is considering expanding the number of suppliers it uses. It is concerned that it is too dependent on two suppliers. Acme Global is analyzing the _____ in the five forces model.
A. threat of substitute products and services B. power of suppliers C. rivalry among competitors D. power of buyers
Sparkle Industries began a period with 2,000 pounds of sugar and purchased 4,500 pounds during the period. Sparkle used 5,300 pounds during the period. How many pounds of sugar remain at the end of the period?
a. 800 pounds of sugar b. 1,000 pounds of sugar c. 1,200 pounds of sugar d. 1,400 pounds of sugar e. 1,600 pounds of sugar
The bargaining leverage of suppliers is greater when
A. industry members incur low costs in switching their purchases from one supplier to another. B. industry members account for a big fraction of supplier's sales. C. the suppliers' products/services account for a small percentage of industry members' costs. D. there is extensive seller-supplier collaboration. E. the supplier industry is composed of a large number of relatively small suppliers.