Midnight Magic, a perfume manufacturing company, plans to release a new fragrance during the holiday season at $99 per bottle
The company intends to bring the price down to $49 within six months of its release to attract buyers who couldn't afford the initial price. Which of the following pricing strategies is Midnight Magic using?
A) market-penetration pricing
B) market-skimming pricing
C) competitive pricing
D) cost-plus pricing
E) product-line pricing
B
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The choice of when and how to source capital globally is usually aided early on by the advice of:
A) an investment banker. B) your stock broker. C) a commercial banker. D) an underwriter.
Avexim Pharmaceutical Laboratories is an international group of companies that manufactures an antiepileptic prescription drug in huge volumes. The setup time for manufacturing the drug is 75 minutes, the processing time is 8 minutes, and the order size is 700 units. In this case, which of the following is the total time required to meet the given production volume?
A) 968 minutes B) 1300 minutes C) 4275 minutes D) 5675 minutes
Which of the following is an assumption for the one-way analysis of variance experimental design?
A) All populations are normally distributed. B) The populations have equal variances. C) The observations are independent. D) All of the above
Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below: Product XProduct YTotalAllocated joint processing costs$16,800$16,800$33,600Sales value at split-off point$24,000$24,000$48,000Costs of further processing$15,000$18,700$33,700Sales value after further processing$35,500$45,100$80,600What is the financial advantage (disadvantage) for the company of processing Product Y beyond the split-off point?
A. $9,600 B. $2,400 C. $26,400 D. $33,600