Author Question: The recession has hit Lamerick Products hard, and the company is willing to cut prices on its ... (Read 50 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
The recession has hit Lamerick Products hard, and the company is willing to cut prices on its products in the short term to attract customers, even if it's not making much money on each sale, because it needs revenue to make payroll and pay its bills. Which pricing objective best describes this approach?
 A) Building loyal user base
  B) Increasing market share
  C) Communicating brand value
  D) Survival
  E) Maintaining status quo

Question 2

Small businesses represent the majority of firms in the:
 A) leisure and hospitality services industry.
  B) airline industry.
  C) cable television industry.
  D) auto manufacturing industry.
  E) express delivery industry.



bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

For a complete list of videos, visit our video library