According to the text, which of the following statements about price is true?
a. Price and revenue are synonyms.
b. Price is not necessarily based on the satisfaction consumers receive from a product.
c. High prices result in high profits.
d. Price always equals some monetary figure.
Ans: b. Price is not necessarily based on the satisfaction consumers receive from a product.
Business
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Employees' belief that they have some degree of control over their work is referred to as __________
a. personalized power b. psychological empowerment c. e-leadership d. referent power
Business
If the sales price of Product X is $24.00 per unit and unit fixed cost is $7.50, its contribution margin per unit is $16.50
Indicate whether the statement is true or false
Business