Which of the following statements is true of demand-based pricing?
A. It is less risky than cost-based pricing.
B. It is more market-focused than cost-based pricing.
C. It involves layering the profit margin on the cost of a product to determine its price.
D. It begins bydetermining the actual cost of each product.
Answer: B
You might also like to view...
One of the sales managers at BidSystems was injured while playing softball with colleagues after work. Which of the following is true under OSHA?
A. If the sales manager lost consciousness, the case must be recorded. B. If the sales manager will spend days away from work, the case must be recorded. C. The case is not to be recorded. D. If the sales manager requires medical treatment beyond first aid, the case must be recorded.
The type of posttest an advertiser uses is affected by the type of advertising objectives set by the advertiser.
Answer the following statement true (T) or false (F)
Pat is the manager of a large project that has been underway for the last eight months. It has now become apparent that, due to various external factors, the project is unlikely to succeed. Even though the best option would be to withdraw from the project, Pat continues to pump money and resources into it in the hope that the project's prospects will change. He reasons that he doesn't want all those months of hard work to go to waste. This is an example of the ________.
A. availability bias B. hindsight bias C. sunk costs error D. self-serving bias
The coefficients for logarithmically transformed explanatory variables should be interpreted as the percent change in the dependent variable for a 1% percent change in the explanatory variable
a. True b. False Indicate whether the statement is true or false