A bucket contains 2 red balls, 4 yellow balls, and 5 purple balls. One ball is taken from the bucket and then replaced. Another ball is taken from the bucket. Are the events of pulling first ball is red then a purple one independent or dependent?

Which of the following statements is true of pricing decisions?

A) Market-based pricing starts with a good understanding of customer needs and the benefits that a product offers relative to competitors' products. B) The business with the lowest price will always offer customers the best economic value. C) It is possible to implement market-based pricing with low levels of customer and competitor intelligence. D) Competitors' product-price positioning and company product-price positioning are the two primary determinants in setting a cost-based price. E) Cost-based pricing takes into account what the customer would be willing to pay for a certain level of product performance.

Earnings before interest and taxes:

A) is the same as EBITDA. B) refers to the gross profit minus operating expenses minus interest. C) refers to gross profit minus operating expenses. D) Both A and C.