Which of the following pricing strategies often results in a retailer losing money on the product?
A. Price leader
B. Psychological discounting
C. Penetration pricing
D. Special-event pricing
E. Ethical pricing
Answer: A
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In recessions, the dollar usually
A. appreciates. B. depreciates. C. remains unaffected. D. follows no consistent pattern.
When the direct write-off method of recognizing bad debt expense is used, the entry to write off a specific customer account would
a. increase net income. b. have no effect on net income. c. increase the accounts receivable balance and increase net income. d. decrease the accounts receivable balance and decrease net income.
A(n) ________ is a method for allocating budgets that is designed to determine the investment value of the advertising appropriation.
A. instant rebate B. payout plan C. incentive program D. beat-sheet E. profit chart
[The following information applies to the questions displayed below.]In December Year 1, Lucas Corporation sold merchandise for $10,000 cash. Lucas estimated that the warranty obligation relating to this sale is $700. On February 12, Year 2, Lucas paid cash of $550 to settle a related warranty claim by this customer.Which of the following summarizes the effect of the recognition of the warranty obligation to the customer who purchased this merchandise on the elements of the Year 1 financial statements? Assets=Liab.+EquityRevenue?Expense=Net Inc.Cash FlowA.NA=(700)+700700?NA=700NAB.(700)=NA+(700)NA?700=(700)(700) OAC.(700)=(700)+NANA?NA=NA(700) OAD.NA=700+(700)NA?700=(700)NA
A. Option A B. Option B C. Option C D. Option D