If a firm raises its product prices beyond reasonable levels, it will generally lose some of its market share.
Answer the following statement true (T) or false (F)
True
In a reasonably competitive economy, which exists in the United States, prices are constrained by competition and consumer resistance. If a firm raises its prices beyond reasonable levels, it will simply lose its market share. See 1-3: What Goal(s) Should Businesses Pursue?
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E&OE is trying to minimize its inventory costs, which are extremely high. The company has realized that it can achieve this by maintaining a near-zero inventory and producing only once a product is ordered
Which of the following will be true for E&OE? A) Short production runs will be more expensive than longer ones. B) Setup and order-processing costs will be high. C) The order point will be high. D) Order-processing costs will be lower than the inventory-carrying costs. E) E&OE can reduce the average cost per unit by producing a long run.
When a partner withdraws from a partnership taking assets that represent less than his or her capital balance,
A) the remaining partners receive a bonus. B) no bonus results. C) the remaining partners owe the withdrawing partner the difference. D) the withdrawing partner receives a bonus.
A cash payment is recorded on the cash account as a
A) neither a debit or a credit B) credit C) debit D) either a debit or a credit
Which of the following is not one of Hardy’s dimensions of power?
a. Resource power b. Charisma power c. Process power d. Meaning power