Chapter 1, Problem 1.2EC

Which of the following statements is not correct? Multiple Choice   Price discrimination is the practice of selling identical goods or services to different customers at different prices.   Peak-load pricing is the practice of setting prices highest when the quantity demanded for the product approaches the physical capacity to produce it.   Price fixing is a particular legal and ethical problem because it is not universally illegal.   Dumping is the practice of setting the selling price of a product at a low price with the intent of driving competitors out of the market or creating a barrier to entry for new competitors.

Do you think that the pandemic and shortages could cause some companies to decide to use a different method of costing? If so, why?

What questions should managers answer when considering selling a product as is or processing further?

In deciding whether to drop its electronics product line, Smith Company should consider a. how dropping the electronics product line would affect sales of its other products. b. the costs it could save by dropping the product line. c. the revenues it would lose from dropping the product line. d. All of the above.

The entity uses paper-based packaging for its food items. However, it had no choice but to continue using plastic spoons and forks because the biodegradable alternative is too expensive as an outright cost. The entity's approach to plastic use is  Identify whetherA. AvoidanceB. MitigationC. Acceptance