Imperfect competition is characterized in part by numerous suppliers and buyers

Which of the following is a disadvantage of a rigid one-price policy?

A) It makes it easier to set prices. B) It allows competitors to undercut one's price. C) It makes it difficult to maintain goodwill with customers. D) Price administration is more challenging. E) It is difficult to locate target customers.

The collection float is the amount of time that elapses between depositing the debtor's check in

an account and the check clearing an account. Indicate whether the statement is true or false