Companies with lower costs ________
A) specialize in selling products with value-added features
B) usually market products with inferior quality, thereby justifying the low selling price
C) can set lower prices that result in smaller margins but greater sales and profits
D) tend to overprice products owing to their monopolistic advantage
E) usually set higher prices that result in higher margins
C
You might also like to view...
In April, a firm had an ending cash balance of $35,000. In May, the firm had total cash receipts of $40,000 and total cash disbursements of $50,000. The minimum cash balance required by the firm is $25,000. At the end of May, the firm had ________
A) an excess cash balance of $25,000 B) an excess cash balance of $0 C) required financing of $10,000 D) required financing of $25,000
A rating scale that uses ratings like "exceptional," "very good," "good," "acceptable," and "unac-ceptable" can be problematic because:
(a) a supervisor often has trouble distinguishing between what constitutes "good" and "acceptable" performance, (b) a supervisor can have trouble distin-guishing between "exceptional" and "unacceptable" because they are at the extremes of the rating scale, (c) "exceptional" performance is not possible, (d) all the above, (e) none of the above.