Which of the following is the correct action for a firm to take that wants to reduce demand and has insufficient capacity?
a. Take no action.
b. Consider override for most desirable segments.
c. Consider priority systems for most desirable segments.
d. Increase prices or encourage use in other time slots.
e. Lower prices selectively.
d
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What is the primary difference between a static budget and a flexible budget?
a) The static budget is prepared only for units produced, while a flexible budget reflects the number of units sold. b) The static budget contains only fixed costs, while the flexible budget contains only variable costs. c) The static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management. d) The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels.
A broker must give a member of the public a written disclosure prior to engaging in any brokerage activity, such as showing homes.
a. true b. false