Cost-plus pricing is not a very effective strategy for maximizing profits.
Answer the following statement true (T) or false (F)
True
Cost-plus pricing, otherwise known as markup pricing, is a strategy in which marketers add a certain amount to the cost of the product to set the final price. It is not an effective strategy for maximizing profits as it doesn't take into consideration the different values different customers place on the products they purchase.
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If the Swiss demand for dollars is inelastic, then an appreciation of the dollar against the franc will lead to a greater quantity of francs being supplied to the foreign exchange market to obtain dollars.
a. True b. False
According to your text, international trade has little impact on jobs because
a. people prefer to buy domestically. b. governments control trade through tariffs. c. trade and unemployment typically move in unison. d. international trade tends to follow the principle of comparative advantage.
Which of the following terms does not describe the interest rate printed on the bond certificate?
a. Coupon rate b. Effective rate c. Face rate d. Stated rate
Transformational leadership ______.
A. tells leaders how to act B. tells followers how to act C. gives four specific actions leaders should use in multiple situations D. provides a general way of thinking about leadership, including follower needs