Owners of small businesses use various approaches to determine how much to ask for the business; among these approaches are the following:
a. the I know what it cost me approach.
b. the I know what I have to take out of here approach.
c. the approach that is based on the price commanded by similar firms.
d. all of the above.
d
You might also like to view...
When the conventional retail method includes both net markups and net markdowns in the cost-to-retail ratio, it approximates a lower-of-cost-or-market valuation.
a. true b. false
Which of the following is a result that the decision maker should anticipate when solving an integer nonlinear programming model with a minimization objective?
a. The value of the objective function will not be less than the objective function of the non-integer model. b. The value of the objective function will be greater than the objective function of the non-integer model. c. The value of the objective function will not be greater than the objective function of the non-integer model. d. All of the above