If local Shell gasoline stations look at BP stations' prices as the primary method of determining its own prices, Shell is using ________
A. price fixing, which considers competition to be less important than costs.
B. price fixing, which considers costs to be less important than competitor's prices.
C. market share pricing, which considers competition to be the ultimate pricing goal.
D. competition-based pricing, which considers profit to be the ultimate pricing goal.
E. competition-based pricing, which considers costs to be less important than competitor's prices.
Answer: E
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Answer the following statements true (T) or false (F)
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If Catapipes Plumbing plans to withdraw its bid, what legal doctrine can help AtlasNow from being meted out injustice due to lack of consideration?
A) promissory estoppel B) freedom of contract C) acquiescence D) exclusionary rule
The production of private distributor brands for resellers may allow a manufacturer to use excess capacity efficiently.
Answer the following statement true (T) or false (F)
Push Company owns 60% of Shove Company's outstanding common stock. Intra-entity sales are as follows:YearInventoryCostTransferPriceInventory Remaining at Year End(at transfer price)20X1$80,000 $100,000 $30,000 20X2$110,000 $130,000 $26,000 Assume Push sold the inventory to Shove. Using the fully adjusted equity method, what journal entry would be recorded by Push to defer the unrealized gross profit on inventory sales to Shove in 20X1? A.Income from Shove Company6,000 Investment in Shove Company 6,000B.Income from Shove Company3,600 Investment in Shove Company 3,600C.Investment in Shove Company6,000 Income from Shove Company 6,000D.Investment in Shove Company3,600 Income from Shove Company 3,600
A. Option A B. Option B C. Option C D. Option D