To maximize profit, firms must decide price based on consumer ...

[pane00]

To maximize profit, firms must decide price based on consumer demand, cost and which of the following?
 a. purchase importance
  b. material supply
  c. competition
  d. availability

Question 2

The difference between a retailer's planned purchases and the retailer's open-to-buy is:
 a. merchandise that the retailer has already ordered, but has not received.
  b. the discounts offered by vendors on earlier purchases.
  c. reductions to be taken later in the selling period.
  d. the difference between the BOM and EOM stock levels.
  e. A retailers planned purchases is always equal to the retailer's open-to-buy.

[connor417]

Answer to Question 1

c

Answer to Question 2

A

[pane00]

Correct answers!

[connor417]

Great! Please up vote