____ competitors are those that compete in the same product class, but their products have different features, benefits, and prices.

A. Service
B. Generic
C. Brand
D. Product
E. Price


Answer: D

Business

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The airline and hospitality industries use ________, by which they offer discounted but limited early purchases, higher-priced late purchases, and the lowest rates on unsold inventory just before it expires

A) special-customer pricing B) yield pricing C) cash rebates D) location pricing E) customer-segment pricing

Business

"Beyond the market and the economy, the company must consider several other factors in its external environment when setting prices." Explain this statement

What will be an ideal response?

Business

Juanita has the following three ratios: (1) debt service coverage = 2.5, (2) debt ratio = 0.5, and (3) liquidity ratio = 0.8. We can say that Juanita has

A) poor solvency and poor liquidity. B) strong solvency and strong liquidity. C) strong liquidity but poor solvency. D) strong solvency but poor liquidity.

Business

The case of Vriend v. Alberta established

A) the right of disabled people to obtain an accommodation B) that a person could not be discriminated against based on their sexual orientation C) the right of an accused person to not be subjected to random searches by police D) the right of refugees to receive a fair hearing E) that unions have the right to strike

Business