Which of the following is characteristic of pricing products/services according to the going-rate
approach?
A) Prices of products have little relation to the actual cost of manufacturing them.
B) Market leaders set the prices, which are then adopted by smaller firms.
C) Early adopters of new technologies are the targeted customer segment with this approach.
D) Optimum profits are not gained as current demand and competitor's prices are ignored.
B
Business
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With the ________ criterion each player seeks to minimize maximum possible losses
A) minimax B) maximax C) minimin D) maximin
Business
Explain intuitively how foreign currency options can be replicated with portfolios of borrowing and lending in the two currencies
What will be an ideal response?
Business