Using value-based pricing, a marketer would not design a product and marketing program before setting the price

Antitrust defendants often opt to settle government-brought antitrust actions by entering a plea of nolo contendere

Indicate whether the statement is true or false

Your new firm is operating in an all-cash environment without taxes. You sold $1,000 of inventory for three times the amount you paid for it

If this was the only transaction, which of the following would most closely match the entries on your income statement? A) Revenues = $1,000, expenses = $1,000, profit = $0 B) Cash increases by $3,000, inventory decreases by $1,000, and retained earnings increases by $2,000. C) Revenues = $3,000, expenses = $0, profit = $3,000 D) Revenues = $3,000, expenses = $1,000, profit = $2,000