Price competition occurs when a seller emphasizes the
A. low price of a product.
B. high price of a product.
C. quality of a product.
D. quality of the customer service.
E. importance of the product.
Answer: A
You might also like to view...
Robert has taken up bicycle riding as a hobby and as a way to maintain his physical stamina. He understands he will need to make sure he gets adequate water when he is bike riding, so he wants to buy a hydration system
Having gathered a great deal of information, he has decided to compare three systems: Waterbags for Roadies, Supertanker Hydropacks, and Fast Water. Robert is in the ________ stage of his purchase decision. A) problem recognition B) evaluation of alternatives C) product choice D) postpurchase evaluation E) information choice
Direct materials cost and direct labor cost can be ________ ________ to products. Manufacturing overhead costs are ________ in cost pools and then ________ to products.
Fill in the blank(s) with the appropriate word(s).
Helmsman Products sells a special type of navigation equipment for $1200. Variable costs are $800 per unit. When a special order arrived from a foreign contractor to buy 44 units at a reduced sales price of $1000 per unit, there was a discussion among the managers. The controller said that as long as the special price was greater than the variable costs, the sale would contribute to the company's profits and should be accepted as offered. The vice president, however, decided to decline the order. Which of the following statements supports the decision of the vice president?
A) The order is not likely to affect the regular sales. B) The company is operating at 70% of its production capacity. C) The variable costs of $800 includes variable costs of packing the product. D) The company will need to hire additional staff to execute this order.
Explain the difference between transaction risk and translation risk.
What will be an ideal response?