Which of the following processes does value-based pricing reverse?

A) high-low pricing
B) everyday low pricing
C) cost-based pricing
D) good-value pricing
E) value-added pricing

C

Business

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The purpose of other-insurance provisions is to

A) eliminate the need for deductibles. B) penalize those insureds who carry inadequate amounts of insurance. C) specify who will pay losses if the insurer is bankrupt. D) preserve the principle of indemnity.

Business

The inventory turnover rate for a firm is 14.5 as compared to the relevant industry rate of 13.2. In this case, the firm is

A) selling its inventory slower than the industry. B) underperforming the industry. C) averaging fewer days of sales in inventory than the industry. D) generating fewer sales per dollar of inventory.

Business