Partnership agreements cannot specify how profits are losses are to be allocated. All partnerships must follow the RULPA

In trying to convince a prospect to switch vendors, the lower the switching costs, the more difficult it will be to convince them to switch to a new vendor

Indicate whether the statement is true or false

Suppose that L&M Manufacturing's management believes that a 10% reduction in the selling price will result in a 30% increase in sales. If this proposed reduction in selling price is implemented, then:

A) profit will decrease by $12,800 in a month. B) profit will increase by $12,800 in a month. C) profit will decrease by $32,000 in a month. D) profit will increase by $32,000 in a month.