Lancer Corporation purchased 10 battery packs for $8 each and sold them to customers for $15 each. What is Lancer's total gross profit?

a. $7
b. $8
c. $70
d. $80
e. $150

Answer: c. $70

Business

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Ads made by real estate brokers that do not indicate that the advertiser is a broker are:

a. legal in New York b. known as blind ads c. acceptable as long as the phone number of the broker appears in the ad d. acceptable if the broker is doing business as an individual broker in his own name

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From the consumer's perspective, which of the following marketing areas is the least visibly regulated by the federal government?

A) advertising B) pricing C) promotion D) product safety E) distribution

Business