When there is price competition, many companies adopt ________ rather than cutting prices to match competitors.

A) pricing power
B) value-added strategies
C) fixed costs
D) price elasticity
E) image pricing


B) value-added strategies

Business

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To qualify as "cash equivalents," the investment must be

a. readily convertible to a known amount of cash. b. convertible to cash within a one-year period of time. c. convertible to cash without a significant loss of value. d. convertible to cash within a five-year period of time.

Business

A company's weekly payroll amounts to $50,000 and payday for the week is every Friday. Employees work five days per week, Monday through Friday. The appropriate journal entry was recorded at the end of the accounting period, Monday, March 31, 2014 . What amount is wages expense for April for the payday, Friday, April, 4, 2014?

a. $ -0- b. $40,000 c. $10,000 d. $50,000

Business

Every contingent liability must be recorded.

Answer the following statement true (T) or false (F)

Business

What are the two major types of marketing intermediaries? Why are they important?

What will be an ideal response?

Business