Mehmet’s café sells coffee for only $.50, which is less than it costs, but Mehmet hopes customers will come for the coffee and end up buying sandwiches and pastries. What sort of pricing strategy is Mehmet pursuing?
a. psychological pricing
b. loss leader
c. introductory offer
d. customer-led pricing
b. loss leader
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When a nation imports materials and other inputs for production duty free, its tariff policy generally results in
a. an effective tariff rate less than the nominal tariff rate. b. a nominal tariff rate less than the effective tariff rate. c. a rise in both nominal and effective tariff rates. d. a fall in both nominal and effective tariff rates.
Is negotiation a voluntary decision, or are we required to negotiate?
What will be an ideal response?
Why are some employees negative about unions?
What will be an ideal response?
Goods in transit are included in a purchaser's inventory:
A. When the supplier is responsible for freight charges. B. If the goods are shipped FOB shipping point. C. At any time during transit. D. After the half-way point between the buyer and seller. E. If the goods are shipped FOB destination.