Companies normally develop product lines rather than a single product and introduce price steps such as a low-, average-, and high-priced computer system

Indicate whether the statement is true or false

TRUE

Business

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The microenvironment consists of larger societal forces that affect a company, such as economic, political, and cultural forces

Indicate whether the statement is true or false

Business

Which one of the following statements about quantity discounts is BEST?

A) The minimum cost point on each price curve is always feasible. B) A price break is the maximum quantity needed to get a discount. C) If the EOQ for the lowest price is feasible, this is the best lot size. D) Either price or quantity is sufficient for the search for the best lot size.

Business