A store using an everyday low-pricing (EDLP) strategy does which of the following?
A) relies on its pricing strategy to create its competitive advantage and engages in a price war if necessary to maintain the advantage
B) has weekly sales
C) sets prices between the list price the manufacturer suggests and the deeply discounted price stores that compete on price alone offer
D) positions itself as an anchor store in a shopping center
E) eliminates customer service in order to maintain low prices
C
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A licensed real estate broker working under a typical exclusive listing incurs several expenses. He is not entitled to be reimbursed for these expenditures, unless:
A: The buyer has demanded that these expenses be incurred as a condition of continuing with the transaction; B: Such expenditures were authorized by the principal; C: It was necessary for him to incur the expenses in order to close the sale; D: The broker was representing the best interests of the principal in consummating the sale.
_____ refer to the mental abilities required to analyze and diagnose complex situations and make appropriate decisions
A) Technical knowledge and skills B) KSAs C) Conceptual knowledge and skills D) Personal traits