Among the marketing mix variables, price is the easiest and quickest to alter, so sometimes firms overuse price changes to stimulate additional sales or gain market share.
Answer the following statement true (T) or false (F)
True
Over time, price changes are inevitable. A marketing manager may want to raise or lower a price for competitive or other reasons, or competitors may make price changes that require a considered pricing response from your own firm. Among the marketing mix variables, price is the easiest and quickest to alter, so sometimes firms over rely on price changes to stimulate additional sales or gain market share.
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Which of the following is NOT an example of a commonly used probability sampling technique?
A) quota sampling B) systematic sampling C) stratified sampling D) cluster sampling E) simple random sampling
After a breach by the seller, buyer may replevy the goods after identification if:
a. he acts within 30 days. b. he cannot, after a reasonable effort, buy replacement goods. c. the seller is insolvent. d. he cannot buy replacement goods or the seller is insolvent.
Vacation Vistas, Inc., agrees to sell certain acreage to Umiko, who intends to develop a destination resort. Vacation Vistas repudiates the deal. Umiko sues Vacation Vistas and recovers damages. She can now obtain
A. an amount in a quasi-contractual recovery. B. damages representing restitution. C. specific performance of the deal. D. nothing more.
The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage
Indicate whether the statement is true or false.