In Excel the ________ statement can be used to make a logical check

Sam purchased a popular fast-food franchise but did not make a profit in his first quarter of operation. Still, Sam was probably required to pay royalties to his franchisor

Indicate whether the statement is true or false.

What is competitive pricing?

A) Price is determined in relation to rivals, factoring in other considerations such as market dominance, number of competitors, and customer loyalty. B) A company sets a high price to make a large profit; this can work when there is little competition. C) A company sets a low price to attract many customers and deter competition. D) This is the strategy of continuously setting prices lower than those of competitors and then not doing any other price-cutting tactics such as special sales, rebates, and cents-off coupons. E) This is the technique of pricing products or services in odd rather than even amounts to make products seem less expensive.