Which of the following represents a pricing strategy that establishes a low price in hopes of attracting a great number of customers and attempts to discourage competitors?

Acceptance sampling is the application of statistics to determine if the quality of incoming materials should be accepted or rejected

Indicate whether the statement is true or false

When forecasting fixed asset requirements, the projected fixed asset balance will

A) not increase proportionally if excess capacity exists. B) not increase proportionally with sales if the existing level of fixed assets is sufficient to support current sales. C) always increase proportionally with sales. D) remain the same since the balance is fixed.