A firm is using a(n) ________ strategy when it introduces a product at a very low price to gain market share early on

A) skimming pricing
B) trial pricing
C) intensive pricing
D) penetration pricing
E) price bundling


D

Business

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High-touch products may have a global appeal by virtue of their country of origin

Indicate whether the statement is true or false

Business

Which of the following sets of factors is needed to calculate depreciation on plant and equipment?

a. The asset's acquisition cost, replacement cost, and its estimated residual value b. The estimated residual value of the asset, its replacement cost, and its market value c. The asset's replacement cost, its estimated life, and its estimated residual value d. The estimated life of the asset, its acquisition cost, and its estimated residual value

Business

An expense account is closed with a credit to the expense account and a debit to Income Summary

Indicate whether the statement is true or false

Business

Jason orders one hundred remote-controlled toy cars from RyBy Toys. In the contract, it is stipulated that RyBy Toys will transport the toy cars via FlyByNight, a national carrier service

RyBy Toys makes the arrangements and hands over the toys to FlyByNight without the remote-controllers. In the event that the goods are destroyed in transit, which of the following parties would bear the risk of loss as per the sales contract? A) Jason would bear the risk of loss irrespective of the fate of the goods. B) FlyByNight would bear the risk of loss as they had the responsibility to deliver the goods. C) RyBy Toys would bear the risk as they shipped nonconforming goods. D) The risk of loss would be shared between RyBy Toys and Jason.

Business