In most cases, prices are set by the
a) competitive market.
b) largest competitor.
c) selling company.
d) customers.
a) competitive market.
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Hal Macini, owner of Evergreen Landscaping, is more interested in earning customer goodwill than striving for maximum profit. He determines his prices by maintaining the company's profitability at a level that gives him a good living but will never make him a rich man. What is Macini basing his pricing policy on?
a. creating the most sales possible b. maintaining stable sales levels c. earning satisfactory profits d. decreasing consumer demand
When members of an organization choose how to respond to new or novel problems and opportunities, they engage in nonprogrammed decision making
Indicate whether the statement is true or false