A price-off program:
A) is effective for individuals that have a high degree of brand loyalty to a competing brand
B) has little impact on sales
C) usually boosts sales, but it can hurt profits
D) decreases price sensitivity over time
C
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Privilege is NOT a common defense to ________.
A. false imprisonment B. trespass to land C. disparagement D. interference with contract
A patent was purchased from a competitor for $50,000 cash on January 1 of this year. The patent has 10 years remaining in its legal life and will have value to the company for 4 years. The amortization entry for the year will require a credit to the Patent account for:
a. $12,500 b. $10,000 c. $5,000 d. $2,941 e. $1,250
Valley Spa purchased $8700 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $8700. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year.)
A. Debit Accounts Receivable-Valley Spa $8700; credit Notes Receivable $8700. B. Debit Accounts Receivable-Valley Spa $8903, credit Interest Revenue $203; credit Notes Receivable $8700. C. Debit Bad Debt Expense $8903; credit Accounts Receivable $8903. D. Debit Accounts Receivable $8903; debit Bad Debt Expense $203; credit Notes Receivable $8700. E. Debit Bad Debt Expense $8700; credit Notes Receivable $8700.
All intervening causes of harm are also superseding causes
a. True b. False Indicate whether the statement is true or false