Uber uses a pricing strategy based on real-time market conditions. It charges less in periods of low demand and more during periods of high demand. Sometimes these prices double or triple during periods of high demand. Uber argues that these higher prices motivate more drivers to pick up passengers, thus increasing the supply of drivers needed to handle the additional demand. This demand-based pricing strategy is an example of
A. special-event pricing.
B. penetration pricing.
C. dynamic pricing.
D. cost-plus pricing.
E. reference pricing.
Answer: C
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The tendency of the rate earned on stockholders' equity to vary disproportionately from the rate earned on total assets is
a. leverage b. solvency c. yield d. quick assets
In responding positively to a claim, begin the message with
a. information promoting other products. b. the good news that you are complying with the customer's request. c. an explanation of the reasons the request is granted. d. a reminder of the problem.
Good faith bargaining requires that employers and union counterparts be willing to meet at any time and place to discuss proposals.
Answer the following statement true (T) or false (F)
Sam is a sales representative for the INC Corporation. Sam has a terrible driving record and has had his driver's license revoked, but nevertheless he continues to drive the company car for his job. One day he drives too fast for conditions, goes through a red light, and strikes a pedestrian. The accident happened despite the fact Sam's supervisor at INC had repeatedly reprimanded him and advised
him to drive more cautiously. INC has: A) no liability, because they did not authorize Sam to drive carelessly. B) no liability, because Sam's actions were not a tort. C) liability even though it did not authorize Sam to drive carelessly, because it employed an improper person as its agent. D) no liability, because it has adequately supervised Sam as its agent.