How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask viki Your Own Question

viki
viki, Item Writer
Category: Homework
Satisfied Customers: 860
Experience:  I have eleven years experience writing statewide educational tests for grades K-12.
Type Your Homework Question Here...
viki is online now
A new question is answered every 9 seconds

Homework 08086200 1. Which of the following is an example

Resolved Question:

Homework 08086200

1. Which of the following is an example of an unfair-trade law?
A. Wal-Mart is unable to carry Lladro figurines because of
exclusivity agreements.
B. CD manufacturers are permitted to force retailers to charge at
least $15.00 per CD.
C. Stores in Pennsylvania are required to charge at least $2.20
for a gallon of milk.
D. Stores in Kansas are prohibited from charging more than
$2.50 for a gallon of milk.

2. eCost.com lowers prices on computer accessories and printer
cartridges with the objective of taking market share from rival PC
Mall.com. This is an example of a _______ objective.
A. profitability C. prestige
B. meeting competition D. volume

3. Wal-Mart prices a box of laundry detergent at $6.47. This is an example of what
pricing policy?
A. Unit pricing C. Product line pricing
B. Psychological pricing D. Promotional pricing

4. In the analysis of economic cost and revenue curves, which of the following would be
considered a variable cost?
A. Wages and overtime C. Lease payments on installations
B. Rent on production facilities D. Insurance

5. Which of the following illustrates the strategy of yield management?
A. Matinee prices at the movies
B. Menu changes based on seasonal availability of certain foods
C. Promoting portable MP3 players as necessities
D. Clearance sales on cars at the end of the model year
6. The method of price setting that’s most widely used is _______ pricing.
A. breakeven C. customary
B. competitive D. cost-plus

7. A manufacturer offers retailers a 2% payment per unit sold to cover advertising costs for
the manufacturer’s product. This payment is a
A. trade discount. C. promotional allowance.
B. cash discount. D. rebate.

8. Transfer pricing is used when
A. government agencies price their services.
B. goods are sent from one profit center within the organization to another.
C. goods are sold by one manufacturer to another.
D. competitive bidding fails to set the price for a product.

9. A new pizza parlor is just opening up in an area that already has quite a few pizzerias.
The owner decides to offer his $6 pizza at $4.50 for the first two months he’s open. His
plan is an example of what type of pricing strategy?
A. Competitive C. Skimming
B. Market-plus D. Penetration

10. The use of bots to search out price quotes on specified products forces Internet
marketers to
A. keep prices low. C. operate their Web sites at a loss.
B. close off their Web sites from bots. D. cannibalize sales.

11. For years, a small local diner has offered a hearty bowl of soup and a hard roll for $.99.
The owner is finding it difficult to maintain this price. Instead of increasing the price, she
decides to serve slightly smaller bowls of soup and a smaller roll. This owner is concerned
about making changes to her product’s
A. target return. C. prestige pricing.
B. customary price. D. market incentive.

12. According to the PIMS study, which of the following is likely to happen?
A. As a company’s market share increases, its profitability will decrease.
B. As a company’s market share decreases, its profitability will increase.
C. As a company’s market share increases, its profitability will increase.
D. As a company’s product quality increases, its profitability will decrease.

13. To distinguish their high-end products from similar products of their competitiors, some
companies use a _______ pricing strategy.
A. market share C. skimming
B. competitive D. penetration

14. A company calculates that its fixed costs for producing 100 units totaled $500 last year.
The variable costs totaled half that amount for that same production period. To calculate
the average total cost of production, you would divide $750 by
A. 100. C. the marginal cost.
B. 50. D. the marginal revenue.

15. The primary reason unit pricing came into being was to
A. reduce the amount of haggling between consumers and sellers.
B. assist consumers in determining the best buy among various packaging sizes.
C. establish a global community in which all consumers pay the same price for a product.
D. set prices to appeal more to those consumers who typically buy more of the product.

16. Which of the following companies is most likely to offer loss-leader pricing?
A. Airline C. Film studio
B. Automaker D. Grocery store

17. Pricing objectives that seek to develop and maintain an image of quality and exclusiveness
so as to appeal to status-conscious consumers are _______ objectives.
A. profitability C. meeting competition
B. personal D. prestige

18. If all tobacco companies independently raise their prices for all types of cigarettes, their
total revenues would probably
A. increase. C. decrease.
B. stay the same. D. fluctuate wildly.

19. A manufacturer of diapers and other personal-care products wishes to expand its distribution
network and market its products in Central and South America in addition to the
United States. Which pricing strategy would be most likely to succeed?
A. A standard worldwide price C. Market-differentiated pricing
B. Zone pricing D. Bundle pricing

20. The number of units that must be sold at a certain price to recover total costs is
determined by
A. macroeconomic price theory. C. marginal analysis.
B. breakeven analysis. D. target return analysis.
Submitted: 4 years ago.
Category: Homework
Expert:  viki replied 4 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
viki, Item Writer
Category: Homework
Satisfied Customers: 860
Experience: I have eleven years experience writing statewide educational tests for grades K-12.
viki and 9 other Homework Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4520
    More than 5000 online tutoring sessions.
< Last | Next >
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4520
    More than 5000 online tutoring sessions.
  • http://ww2.justanswer.com/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg Linda_us's Avatar

    Linda_us

    Finance, Accounts & Homework Tutor

    Satisfied Customers:

    3121
    Post Graduate Diploma in Management (MBA)
  • http://ww2.justanswer.com/uploads/ComputersGuru/2010-02-13_051118_Photo41.JPG LogicPro's Avatar

    LogicPro

    Engineer

    Satisfied Customers:

    3035
    Expert in Java C++ C C# VB Javascript Design SQL HTML
  • http://ww2.justanswer.com/uploads/lanis/2009-4-1_233717_phput9xef_c1pm.jpg Lani S.'s Avatar

    Lani S.

    Tutor

    Satisfied Customers:

    2457
    Registered Nurse, Internet Researcher, Private Tutor
  • http://ww2.justanswer.com/uploads/chooser77/2009-08-18_162025_Chris.jpg Chris M.'s Avatar

    Chris M.

    M.S.W. Social Work

    Satisfied Customers:

    2341
    Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
  • http://ww2.justanswer.com/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    Chartered Accountant

    Satisfied Customers:

    1975
    Experience with chartered accountancy
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg Bizhelp's Avatar

    Bizhelp

    CPA

    Satisfied Customers:

    1873
    Bachelors Degree and CPA with Accounting work experience