What is an advantage associated with a flexible pricing policy?
a. It enables a seller to close a sale with a price-conscious customer.
b. It causes inconsistent profit margins.
c. It causes ill will among customers if they discover that other customers are paying lower prices.
d. It enables salespeople to automatically lower the price to make a sale.
Ans: a. It enables a seller to close a sale with a price-conscious customer.
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An investment banker has recommended a $100,000 portfolio containing assets B, D, and F. $20,000 will be invested in asset B, with a beta of 1.5;
$50,000 will be invested in asset D, with a beta of 2.0; and $30,000 will be invested in asset F, with a beta of 0.5. The beta of the portfolio is ________. A) 1.25 B) 1.33 C) 1.45 D) 1.85