A price that is competitive and allows the seller to make a profit is considered to be a price that is:
A) an incentive.
B) the lowest price.
C) optimal.
D) the final price.
E) fair.
E
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Answer the following statement(s) true (T) or false (F)
1. The two components of marketing are advertising and selling. 2. Marketing is a process that fulfills both individual and organizational objectives. 3. The term product refers to tangible goods as well as services. 4. The ultimate purpose of marketing is to bring about exchanges between buyers and sellers. 5. Marketing produces utility, or added value.
Daisy writes a check to Elvita on her account at First Savings Bank. The bank dishonors the check even though Daisy has sufficient funds in her account. The bank is
A. liable to Daisy. B. liable to itself. C. liable to the next payee on one of Daisy's checks. D. not liable.
One's duty to do a job or perform a task is called
A. authority. B. accountability. C. responsibility. D. delegation. E. obligation.
Your utility bill, which varies each month, is an example of an annuity
Indicate whether the statement is true or false.