If a company sets its price to increase its percentage of total industry sales, the company is using the pricing objective of maximizing profits
Indicate whether the statement is true or false
FALSE
Explanation: Pricing to increase the percentage of total industry sales is pricing to achieve greater market share. Achieving greater market share does not always translate into higher profits.
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Statewide branch banking:
a. is prohibited in all 50 states b. means that branch systems are less likely to fail than independent systems c. permits banks to be located within a geographically defined distance of the main office d. none of the above
Business buyers often develop ________, which are written descriptions of the quality, size, weight, warranty, and delivery requirements for a purchase
A) requests for quotations B) requests for proposals C) vendor analyses D) product specifications E) evaluative metrics