Sales-oriented pricing objectives
A. may include market share targets as well as dollar or unit sales targets.
B. can be used by nonprofit organizations as well as for-profit ones.
C. are especially risky during times when a firm's costs are rising rapidly.
D. might be achieved and still result in losses.
E. All these answers are correct.
Answer: E
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Which of the following is not an element in the retail mix?
A. Customer service B. Competitive response C. Merchandise pricing D. Advertising and promotion E. Location
For a population with any distribution, the form of the sampling distribution of the sample mean is
A. sometimes normal for all sample sizes. B. sometimes normal for large sample sizes. C. always normal for all sample sizes. D. always normal for large sample sizes.
Hal promises not to foreclose on a mortgage that he holds on an office complex that Christopher owns. In reliance on this promise, Christopher spends $200,000 to remodel the complex. Which of the following is correct with regard to Hal's promise?
a. Hal's promise not to foreclose is unsupported by consideration. b. Hal's promise is noncontractual. c. Hal's promise may be enforced against him based upon the doctrine of promissory estoppel. d. All of these.
Select the true statement regarding managing in an empowered world.
A. Close supervision, checks, and balances are recommended. B. Information must police decision making. C. "High-flex" organizations are based on obedience. D. Team performance and adding value to the customer should be emphasized. E. Emphasis should be put on managing by numbers.