Use the Following to Answer Questions

question 68

Multiple Choice

Use the following to answer questions:
Scenario 4-2. Petro is considering opening a new small business called Petro's Playground. It will be an inside playground with climbing equipment, jungle gym, pit of balls, slides, and swings. Petro's closest competition has been in business for four years and provides quality service along with the fun of the playground. The competition is located four miles away in a large city and Petro is hoping to acquire some of his competition's market share by providing lower prices and more diversity in playground equipment.
-In Scenario 4-2 above, Petro plans on keeping his prices

• A) Always lower than the competition
• B) The same as the competition
• C) At a rate where gross margin will allow a profit
• D) Always higher than the competition

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Definitions:

Ice Sheet

A mass of ice of considerable thickness and more than 50,000 square kilometers in area, forming a nearly continuous cover of ice and snow over a land surface.

Felsic

A term used in geology to describe igneous rocks that are rich in light-colored minerals such as quartz, feldspar, and muscovite.

Pyroclastic Flows

High-density mixtures of hot volcanic ash, pumice, rock fragments, and volcanic gas that move away from the volcano at high speeds during an explosive eruption.

Mudflows

Rapid downhill movements of water-saturated earth material, primarily composed of mud and often triggered by heavy rainfall or volcanic activity.