The degree to which the price of a product affects consumers' purchasing behavior is referred to as
A. price sensitivity.
B. price relevance.
C. marginal pricing.
D. price elasticity.
E. dynamic pricing.
Answer: A
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Song Company started construction on a building on January 1 of this year and completed construction on December 31 of the same year. Song had only two interest notes outstanding during the year, and both of these notes were outstanding for all 1 . months of the year. The following information is available: Average accumulated expenditures ..................... $250,000 Ending balance in
construction in progress before capitalization of interest .................. 360,000 6 percent note incurred specifically for the project . 150,000 9 percent long-term note ............................. 500,000 What amount of interest should Song capitalize for the current year? a. $15,000 b. $18,000 c. $22,500 d. $27,900
The "business-to-business" market (B2B market) is comprised of
A. wholesalers and retailers only. B. nonprofit organizations only. C. government units only. D. manufacturers only. E. all businesses, governments, and nonprofits.
Maureen, a shareholder of Metra, Inc., is unhappy with how the corporation is being managed. Maureen wants the company to sell off its unproductive divisions. Which statement is correct?
A. If Maureen owns at least 1 percent or $2,000 of Metra's stock, she can require the company to include her proposal in its proxy statement. B. If Maureen has a proper purpose, she can require the company to include her proposal in its proxy statement. C. If Maureen can show cause, she can require the company to automatically sell off its unproductive divisions. D. Maureen cannot require that the company put her proposal to sell off unproductive divisions on its proxy statement.
Irawaddy Company, a retailer, had cost of goods sold of $230,000 last year. The beginning inventory balance was $24,000 and the ending inventory balance was $22,000. The company's average sale period was closest to:
A. 34.9 days B. 73.0 days C. 36.5 days D. 38.1 days