The markup approach to price setting used by most intermediaries:
A) makes little sense--given the large number of items carried and the small sales volume of any one item.
B) is very inflexible because the same markup percent must be applied to all products.
C) often uses the discount allowed by the manufacturer.
D) is quite complicated--because each product has a different delivered cost.
E) None of these alternatives is correct.
Ans: C) often uses the discount allowed by the manufacturer.
Smart producers pay attention to the gross margins and standard markups of intermediaries in their channel. They usually allow discounts similar to the standard markups these intermediaries expect.
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The National Labor Relations Board was primarily established for the purpose of ________
A) investigating unfair labor practice charges B) overseeing the establishment of local unions C) managing the membership of the AFL-CIO D) negotiating contracts on behalf of local unions
The implementation of just-in-time production results in all of the following EXCEPT:
A) decreased cycle times. B) reduced amount of waste. C) a slower pace for employees. D) structural changes.