What would a consumer's lower price threshold signal?

A) the use of everyday low pricing
B) a discounted price for a high-value product
C) a fair price
D) a price below which the product is considered to be a good value
E) a price below which the product is assumed to be of unacceptable quality


E

Business

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What will be an ideal response?

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The components needed to produce a computer clock cost twenty-five cents. What should the price of the computer clocks be in the first month of the selling season?

A) $5.68 B) $7.27 C) $10.13 D) $14.52

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Technologies will soon solve all communication problems.

Answer the following statement true (T) or false (F)

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Clausel Inc., a furniture manufacturing company, receives a bulk order from a multinational company for 150 office chairs. To complete the order on time, Clausel Inc. speeds up its production process by hiring additional labor and purchasing more supplies. In this scenario, the costs incurred by Clausel Inc. for hiring more labor and buying more supplies exemplify its _____.

A. variable costs B. implicit costs C. indirect costs D. fixed costs

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