Res ipsa loquitur means:
a. breach of duty.
b. causation.
c. the things speaks for itself.
d. it is proven.
e. reasonably prudent person.
c
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________ involves setting prices based on the costs for producing, distributing, and selling the product plus a fair rate of return for effort and risk
A) Value-based pricing B) Competition-based pricing C) Cost-based pricing D) Penetration pricing E) Break-even pricing
How is the price of a meal determined at a Panera Cares Café?
a. Customers decide how much to pay for their meal b. Meal prices are determined based on the cost of meal preparations c. Café managers set the prices of the meals each day based on ingredient costs d. Top management at Panera set a standard price of meals for all café locations.
To the seller, cash discounts are considered sales discounts
Indicate whether the statement is true or false
During the purchase of new tooling at Acme Tool and Die, which of the following is an example of a gatekeeper?
A. Ross, from research and development, supplying information for evaluating alternatives B. Sara, a purchasing manager arranging the terms of the sale C. Andre, a research assistant gathering and distributing information about alternatives D. Rita, from the manufacturing floor, who will use the new tooling E. Charlotte, in manufacturing, who has the power to select or approve suppliers