A buyer purchases two acres of land within a residential area. The buyer was able to get a change in the local zoning ordinance permitting the two acres to be used commercially. This change is referred to as:

What did Proposition 13 provide for?

a. It set a maximum tax rate. b. It set assessments for property acquired before 1978 back to the value on the 1975 tax roll. c. The tax can be increased 2% per year. d. All of these.

With _______, supplier managers simply set their price in relation to what the competitors' prices are

The price may be set exactly the same as the predominant competitors, signaling commodity, or it may be slightly higher or lower because of perceived minor reputation, quality, or service differences. a. cost-plus pricing b. competition-based pricing c. value-based pricing d. skimming pricing