What is an organization using when it sets its prices so that total revenue is as large as possible relative to total costs?
a. sales maximization
b. profit maximization
c. status quo pricing
d. market share pricing
Ans: b. profit maximization
Business
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Save-A-Lot has become one of the most successful grocery chains by serving the poor and offering low prices. This is an example of
a. focus strategy. b. premium pricing. c. product differentiation d. cost leadership
Business
In Communications Workers v Beck, the Supreme Court held that dues-paying nonunion members can demand a rebate for any union expenditure not related strictly to collective bargaining
Indicate whether the statement is true or false
Business