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Indicate whether the statement is true or false.

True

Business

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GoodFurn Furniture Company has recently moved to a new, larger location. At the new location, it has been unable to attract sufficient customers. Its owner did not have the cash to pay the current loan installment due for the building and inventory So, he decided to reduce all merchandise prices by at least 50 percent for a weekend sale to earn enough to make his loan payment. In this case, the owner's pricing objective can be classified as:

a. market share maximization. b. satisfactory profits. c. asset maximization. d. sales maximization.

Business

Suppose the manufacturer pays a commission on every car sold. Then, the salesperson's commission is classified as a(n) ________

A) cost of labor B) traceable common cost C) non-traceable common cost D) advertising cost E) direct cost

Business