Click It, Inc. Travis Is a Salesperson for Click It, Inc.Click It Does

question 153

Multiple Choice

Click It, Inc.
Travis is a salesperson for Click It, Inc.Click It does not sell products with its own brand name.Instead, its products are created for different retail stores and carry the store brand.Travis thought that several changes needed to be made to a particular product, but Click It management reminded him that the stores, not Click It, owned the brand.
However, because Click It had been concerned about dropping sales, management listened to Travis's concerns about the company's pricing.He suggested using a different pricing strategy.More specifically, he felt that the company should incorporate a multiple-unit pricing strategy because it would then allow Click It to set a single price for multiple units.This had the potential of increasing sales and therefore profits, so management agreed to consider Travis's suggestion.
-Refer to Click It, Inc.As Click It managers considers the pricing issues, they should know that all of the following are major pricing objectives except

• A) status-quo pricing.
• B) market-share goals.
• C) survival.
• D) profit minimisation.
• E) target return on investment.

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Definitions:

Labor Supply Curve

A graphical representation that shows the relationship between the wage rate and the quantity of labor workers are willing to supply.

Part-Time Job

Employment with fewer hours per week compared to full-time jobs, often offering flexibility but with reduced benefits.

Economics

The social science that analyzes the production, distribution, and consumption of goods and services, focusing on how individuals, businesses, governments, and nations make choices on allocating resources.

Market Labor Supply

The total availability of labor willing to work at corresponding wage rates in a given market or economy.