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1.-Proctor and Gamble sells Tide detergent to Wal-Mart for $2.75 per 64-ounce bottle. If Wal-Mart uses a "keystoning" pricing method when selling Tide, then the Wal-Mart customer can expect to pay which of the following (full, not discounted) retail prices for the 64-oz bottle of Tide:
a)$2.75
b)$6.00
c)$8.25
d)$5.50
e)$4.13
So the answer for that one I think is a)$2.75 since retailers don't want to increase price...
As a short-term pricing objective, _____ can be effectively used on a temporary basis to sell off excessive inventory.
a)market share pricing
b)sales maximization
c)profit maximization
d)status quo pricing
e)profit-oriented pricing
The answer will be d)status quo pricing since status quo pricing means that a firm changes prices only to meet those of competition.
The ______ is the quantity of products that will be sold in the market at various prices for a specified time period, and _____ is the quantity of a product that will be offered to the market by suppliers at various prices for a specified period.
a)demand; equity
b)demand; supply
c)liquidity; supply
d)purchase; distribution
e)supply; demand
The answer will be b)demand and suppply since demand shows how many units consumers will demand during a specific period at different prices.