When a beverage maker came out with a new drink and priced it at half price for a month to attract buyers, the company was using a(n) ________ strategy
A) penetration pricing
B) skim pricing
C) everyday low price
D) trial pricing
E) price leadership
D
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On January 1, Buchanan Corporation had 50,000 shares of common stock outstanding. On April 1, the company declared a 20% stock dividend, and on August 1, the company had a 3-for-1 stock split. On December 1, the company issued an additional 6,000 shares. What is the denominator in the earnings per share calculation?
A) 186,000 B) 180,500 C) 180,000 D) 173,000
With respect to retailing, which of the following best defines variety?
A. The number of merchandise categories a retailer offers B. Each different item of merchandise offered by a retailer C. End-of-season merchandise that will not be used in following seasons D. The number of different items offered in a merchandise category E. Merchandise with minor mistakes in construction
Which of the following is not an advantage of teams?
A. higher quality decisions B. efficiency C. higher motivation D. better communication
Johann, a well-known musician, agrees to give ten guitar lessons to Elton for $2,000 . Nothing in the contract itself prohibits a delegation. If Johann delegates his obligation to Eugene, a second-year musical student and enthusiastic guitar player, then the delegation will probably be
a. permitted because contracts may be freely delegated. b. permitted because the contract is just for music lessons. c. prohibited because the contract is for service from a specific person. d. prohibited by the UCC because this is a sale of services.