When retailers set prices on new models or styles of products, the price of existing models often is ________ to quickly sell them.
A. marked down
B. off-priced
C. value-added
D. marked up
E. maintained
Answer: A
You might also like to view...
______________________________ systems are B2B systems that combine e-invoicing and e-payment processes to send invoices to electronic invoices to customers and to receive electronic payments
Fill in the blank(s) with correct word
How many steps are there in completing a worksheet?
A) three B) four C) five D) six
Interviewing students, church groups, and members of social organizations are examples of convenience sampling
Indicate whether the statement is true or false
A company produces 1000 packages of chicken feed per month. The sales price is $7 per pack. Variable cost is $1.50 per unit, and fixed costs are $1700 per month. Management is considering adding a vitamin supplement to improve the value of the product. The variable cost will increase from $1.50 to $2.00 per unit, but there will be no change in fixed costs. The company will price the new product at $4.30 to compete with other products. How will this affect operating income?
A) Operating income will decrease by $3200 per month. B) Operating income will increase by $3200 per month. C) Operating income will decrease by $1700 per month. D) Operating income will remain unchanged.