Useful as a temporary means of staying in business, ________ pricing is the process of lowering prices to the point at which revenue just covers costs, allowing the business to endure a difficult time.
Fill in the blank(s) with the appropriate word(s).
survival
Survival pricing is the process of lowering prices to the point at which revenue just covers costs, allowing it to endure during a difficult time. It should not be a permanent pricing objective, but can be useful as a temporary means of staying in business.
You might also like to view...
A 2-for-1 stock split increases the par value per share
a. True b. False Indicate whether the statement is true or false
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory180 units @ $13 5Purchase235 units @ $15 10Sales 155 units @ $2315Purchase115 units @ $16 24Sales 105 units @ $24
A. $3700 B. $7705 C. $4005 D. $3540 E. $4165
A manager is attempting to determine whether a segment of the business should be eliminated. The focus of attention for this decision should be on
a. the net income shown on the segment's income statement. b. sales minus total expenses of the segment. c. sales minus total direct expenses of the segment. d. sales minus total variable expenses and avoidable fixed expenses of the segment.
Coney Island Corp. discards a truck that was originally purchased for $50,000 and had accumulated depreciation of $30,000. Prepare the journal entry for the disposal
What will be an ideal response