A problem associated with ____ is that consumers can predict when prices will be lowered and delay purchases until that time.
A. random discounting
B. penetration pricing
C. reference pricing
D. everyday low pricing
E. periodic discounting
Answer: E
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The difference between the service promised by a retailer and the service actually delivered is known as the
A. research gap. B. delivery gap. C. market gap. D. communications gap. E. knowledge gap.
Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price is governed by a quantity discount structure. If the restaurant orders 100 or more units, the price per kit is $11. Below 100 units, the price is $12 per kit. What is the optimal order quantity?
a. 76.4 b. 100 c. 68.7 d. Cannot be determined from the information given
The ______ is a technique developed by Richard Muther, used to design new layouts or change old ones based on qualitative criteria.
a. cost optimization method b. relationship rating method c. line balancing method d. factor rating method
Voice-mail systems convert your voice into a digital signal. _________________________
Answer the following statement true (T) or false (F)