Which of the following pricing objectives is suitable during the growth stage in the life cycle of
near-commodity goods?
A) market share maximization pricing objective
B) product-quality leadership pricing objective
C) profit maximization pricing objective
D) market skimming pricing objective
A
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Lands' End offers tailored clothing on its Web site, allowing one to choose a collar, sleeve style, pocket, etc. This is an example of:
A) mass customization. B) niche marketing. C) differential marketing. D) demographic marketing.
Which of the following would NOT be classified as cash?
a. Personal checks b. Travelers' checks c. Cashiers' checks d. Postdated checks
Ollie files a petition in bankruptcy. At the moment of filing
A. an automatic stay goes into effect. B. Ollie's debts are discharged. C. Ollie's petition is dismissed. D. Ollie's property is distributed to Ollie's creditors.
Barry owns and operates a small business at an outdoor market where he sells homemade dog treats. What does the UCC specifically require of Barry with respect to his customers?
A) Observance of reasonable commercial standards of fair dealing B) That he treat them all alike. C) A clearly stated return policy. D) No specific standards of behavior apply to Barry.