Which of the following pricing policies involves entering a market with a single low price and not significantly increasing the price even upon gaining a major market share?
A. skimming price policy
B. introductory price dealing
C. penetration pricing policy
D. temporary price cut policy
E. zone pricing policy
Answer: C
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Which of the following statements about misrepresentation is false?
A. To "stay legal" a salesperson needs to understand the difference between general statements of praise and statements of fact. B. When salespeople loosely describe their goods or services in glowing terms, those statements cannot be relied upon by the potential buyer. C. Courts tend to favor salespersons in misrepresentation cases when the customer lacks product knowledge. D. A salesperson's opinion of the quality of the product being sold is known as sales puffery and is not legally actionable. E. When a salesperson makes claims of a "factual nature" regarding a service's inherent capabilities, the law treats these comments as statements of fact and warranties.
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