A contract is a(n) ________ if the offeror's promise is answered with the offeree's promise of acceptance

Although many factors can influence price, what are the primary determinants?

a. the demand for the good and the cost to the seller b. demand by the consumer and perceived quality c. stage of the product life cycle and costs to the consumer d. costs of manufacturing and distribution

Which one of the following is a false statement about the use of incentive pay plans as a means of improving employee productivity?

A. The monetary rewards should be delayed until they are large enough to make a significant impact. B. The rewards should be proportional to increases in productivity. C. Rewards should be distributed after predetermined levels of employee productivity have been attained. D. Rewards should be large enough to motivate improved performance.