Author Question: Which of the following statements about prices is false? a. It cannot determine the long-term ... (Read 61 times)

wrbasek0 · **on:** Jun 29, 2018

Which of the following statements about prices is false?
a. It cannot determine the long-term viability of an enterprise.
b. It serves as a means of communication with a buyer by providing a basis for judging the attractiveness of an offer.
c. It is a major competitive tool in meeting and beating close rivals and substitutes.
d. Competition has an impact on prices.

Question 2

A cost-based approach to supplier pricing is feasible when the seller contributes high added value to an item through direct or indirect labor and specialized expertise.
a. True
b. False
Indicate whether the statement is true or false