A retailer should price his products high initially and later ...

[kodithompson]

A retailer should price his products high initially and later reduce them if:
 a. local competition is abundant.
 b. the sales volume is so high that the average per-unit sold is substantially lowered.
 c. the retailer has no competition at all.
 d. the retailer has a temporary monopoly with its product line.
 e. demand is less than supply over the short-run.

Question 2

When an M.B.A. graduate receives a letter telling her the rank in the graduation class of M.B.A.s that she received based on her grade-point average, what type of scale is this?
 a. Nominal scale
 b. Classificatory scale
 c. Face validity scale
 d. Rank-order

[katieost]

Answer to Question 1

d

Answer to Question 2

d