What is the biggest advantage associated with markup pricing?
a. its inability to be decoded by customers
b. its reliance on marginal costs
c. its simplicity
d. the fact that merchandise is never underpriced with this technique
Ans: c. its simplicity
Business
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Which rating format involves a lengthy development procedure and results in a scale with behavioral descriptions as anchors along a scale?
A) CARS B) behaviorally anchored rating scales (BARS) C) checklists D) forced distribution
Business
The sampling distribution of the proportion describes the pattern that sample proportions tend to take on when randomly drawn from a population
Indicate whether the statement is true or false
Business