Timber Guitars, a guitar manufacturing company, launched 1000 high-quality, limited-edition guitars worldwide at a premium price of $10,000 per guitar. The company offered the lower-priced version of the same guitar after the first 1000 limited-edition guitars were sold out. In the context of pricing strategies, it can be concluded that Timber Guitars has adopted the strategy of _____.
A. penetration pricing
B. high/low pricing
C. skimming pricing
D. loss-leader pricing
Answer: C
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Al owns all the shares in Star Manufacturing Inc Star became $800,000 in debt and declared bankruptcy
Al then went to his brother and got a loan for $150,000 and Al then incorporated a new corporation called Nova Manufacturing Inc Al owns all the shares in Nova. When the trustee in bankruptcy had a sale of all the assets of Star Manufacturing Inc, Al went to the sale on behalf of Nova and bought all the assets of Star for $100,000 (about 10% of their original value) as there were no other bidders on the equipment. Al is now carrying on his same business as before but under the name of Nova Manufacturing. The Star creditors who were owed $800,000 and only got a small percentage of what they were owed and are furious that Al is still in business. This is A) illegal as since Al owned all the shares in both corporations Nova is liable for Star's debt B) illegal as it is a fraud on the creditors C) legal as Star and Nova are separate legal entities and Nova is not liable for Star's debts D) legal but Star creditors can sue Al personally for the money they are still owed E) both A and B
All of the following statements about the online insurance industry are true except:
A. the Internet has lowered search costs, increased price comparison, and decreased prices to consumers for all forms of insurance. B. websites of almost all the major firms provide the ability to obtain an online quote. C. the wave of interest in fintech companies has not yet reached the insurance industry. D. the industry has been very successful in attracting visitors searching for information about prices and terms of insurance policies.
Firms A and B have the same current ratio, 0.75, the same amount of sales, and the same amount of current liabilities. However, Firm A has a higher inventory turnover ratio than B. Therefore, we can conclude that A's quick ratio must be smaller than B's.
Answer the following statement true (T) or false (F)