Managers use actual input data from past periods because this historical data can be analyzed for trends or patterns to obtain estimates of budgeted prices

Which of the following is NOT a trend that is expected to provide new opportunities for marketers of services?

A) changing demographics B) declining levels of patriotism C) technological advances D) proliferation of information E) globalization

Vertical price fixing strategies are _____

a. illegal per se b. subject to the rule of reason c. subject to state legislation d. confined to goods of "like quality"