Which of the following involves introducing less-expensive versions of established, brand name products?
A) markup pricing
B) good-value pricing
C) time-based pricing
D) cost-based pricing
E) target profit pricing
B
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Which one of the following is not one of the leadership skills?
a. technical b. interpersonal c. conceptual d. organizational
Which of the following is true of discharge of performance by agreement?
A) A partially executed contract cannot be rescinded. B) Mutual rescission requires parties to enter into a second agreement that expressly terminates the first one. C) A party is allowed to rescind a contract without the consent of the other party. D) Unilateral rescission is not regarded as breach of contract.
Which of the following is a drawback of the minimax regret criterion?
A. It ignores the payoffs associated with the “high demand” state of nature. B. It ignores the payoffs associated with the “low demand” state of nature. C. It is not a good method to use when the states of nature are not equally probable. D. It ignores the maximum payoff that could be realized if the decision maker were a risk taker and the probabilities associated with the possible state of nature.
As a manager carries out his or her functions, the first step is to control, the second is to organize, and the third is to plan.
Answer the following statement true (T) or false (F)