Multiple Choice
A main purpose of "unfair trade practice acts" is to:
A) prevent manufacturers from taking high markups.
B) eliminate price competition on manufacturers' brands.
C) require some minimum percentage markup on cost.
D) permit different types of retail outlets to charge different retail prices.
E) guarantee retailers some profit.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Price fixing is not illegal unless it
Q15: Pricing objectives should flow from, and fit
Q16: Quantity discounts are offered by sellers to:<br>A)
Q17: A skimming pricing policy tries to sell
Q18: A flexible-price policy means offering<br>A) different products
Q20: Over time, a skimming policy usually involves<br>A)
Q21: Sales-oriented pricing objectives don't refer to profit.
Q22: "Meeting competition" in "good faith" is allowed
Q23: Why should pricing objectives be explicitly stated?<br>A)
Q24: In oligopoly situations, the only sensible policy