During the hot summer months, the Nick Price Golf School offers a 25 percent reduction on its golf lessons to attract golfers during the off-season. Which of the following is exemplified in this scenario?
a. The power of yield management systems
b. The advantage of markup pricing
c. The relationship between price and quality
d. The use of price as a promotional tool
ANSWER: d
This scenario illustrates the use of price as a promotional tool. Price is often used as a promotional tool to increase consumers' interest.
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Which of the following is a part of the definition of conflict?
A. hidden struggle B. compatible goals C. dependence on one another D. all of these
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Answer the following statement true (T) or false (F)
Asplund Corporation has provided the following information:??Cost per UnitCost per Period?Direct materials$6.25??Direct labor$2.90??Variable manufacturing overhead$1.30??Fixed manufacturing overhead?$18,000?Sales commissions$1.50??Variable administrative expense$0.45??Fixed selling and administrative expense?$7,500Required:a. For financial reporting purposes, what is the total amount of product costs incurred to make 5,000 units?b. For financial reporting purposes, what is the total amount of period costs incurred to sell 5,000 units?
What will be an ideal response?
A(n) ________ structure groups people according to the type of work they perform.
A. divisional B. open C. functional D. matrix E. horizontal