Acmell Lawnmowers Inc. sells its mowers to retailers at different prices depending on whether they are independent stores or members of a national chain. In this scenario, the company indulges in__________
Fill in the blanks with correct word.
ANSWER: price discrimination
Acmell Lawnmowers Inc. indulges in price discrimination. Price discrimination refers to a seller charging different prices to different customers for the same product.
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Which of the following costs should be excluded from research and development expense?
a. Modification of the design of a product b. Acquisition of R & D equipment for use on a current project only c. Cost of marketing research for a new product d. Engineering activity required to advance the design of a product to the manufacturing stage
Which of the following is true of a successful process redesign effort?
A) It has a low chaos factor. B) It creates low resistance. C) It results in cost reduction. D) It gives good results with little effort.