Author Question: A retailer should price his products high initially and later reduce them if: a. local competition ... (Read 77 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
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

  • Sr. Member
  • ****
  • Posts: 358
Answer to Question 1

d

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

For a complete list of videos, visit our video library