The Swedish manufacturer of Asko dishwashers concluded that consumers would be willing to pay approximately $1000 for a dishwasher that was quieter than any other on the market. Asko determined about $250 in markups would have to be given to wholesalers and retailers, and then designed the quietest product that it could make for $750. Asko used

A. customary pricing.
B. prestige pricing.
C. price lining.
D. cost-plus pricing.
E. target pricing.


Answer: E

Business

You might also like to view...

The trial balance should

a. only be completed if you think there is a problem; b. list all of the accounts for the business even if they do not have a balance; c. be submitted to the owner as a formal report for the business; d. always balance; e. all of these.

Business

Risk assessment and ongoing monitoring are elements that comprise the control structure of the Sarbanes-Oxley Act.

Answer the following statement true (T) or false (F)

Business

What is the National Institute of Occupational Safety and Health?

Business

Specific damages to be paid in case of breach, that the parties agree to in the contract in advance of a breach are called ______ damages:

a. compensatory b. expectancy c. liquidated d. nominal e. punitive

Business