Which of the Following Is NOT a Characteristic of Everyday

question 231

Multiple Choice

Which of the following is NOT a characteristic of everyday low pricing?

• A) Seasonal changes in prices are based on current demand.
• B) It is purely cost-based prices that vary as the manufacturer's costs vary.
• C) It relies on short-term price-cutting tactics such as cents-off coupons, rebates, and special sales.
• D) The prices are reviewed and are set daily, weekly, or monthly in reaction to competitors' actions.

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Definitions:

Note Receivable

A note receivable is an amount of money owed to a business or individual that is evidenced by a written promissory note specifying the terms of payment.

Interest Due

Interest due refers to the amount of interest payment that is owed but not yet paid by a borrower to a lender by the due date.

Dishonoring a Note

The failure to pay a promissory note when due, which can result in legal action and damage to the borrower's creditworthiness.

Promissory Note

A finance-related instrument embodying a guarantee by one party to pay a certain party a designated sum of money, redeemable upon demand or on a specific forthcoming date.