Describe the pricing constraints a firm is likely to face.
What will be an ideal response?
Pricing constraints are factors that limit the latitude of prices a firm may set. They are: (1) consumer demand for the product class, product, and brand; (2) newness of the product stage in its product life cycle; (3) cost of producing and marketing the product; (4) competitors' prices and consumers' awareness of them; and (5) legal and ethical considerations.
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Data-mining software searches through large amounts of data for meaningful patterns of information.
Answer the following statement true (T) or false (F)
With reference to ethical norms, to provide the order in business relationships that permits predictable plans to be effective is a form of ________
A) security B) justice C) freedom D) efficiency
Welsh Corporation wants to issue debt of $525,000 to invest in a new project. Welsh is required to pay its investment banker 5 percent of the issue's total value. There are no other floatation costs. Compute the amount of debt that the firm must issue to net $525,000 after flotation costs.
A. $525,347 B. $552,632 C. $498,752 D. $551,257 E. $575,886
The constraint for a given resource is given by the following equation:
2X1 + 3X2 ? 20 If X1 = 5 and X2 = 4 how many units of this resource are unused? A) 20 B) 2 C) 22 D) 0 E) 9