A Local Bakery Wanted to Attract More Customers During the Week

question 118

Multiple Choice

A local bakery wanted to attract more customers during the week, so it began offering a dozen bagels for $5 every Wednesday. The bakery utilized ______ pricing to increase its volume of sales.

• A) discount
• B) skimming
• C) odd
• D) everyday low

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Definitions:

Income Statement

A report detailing a business's income and expenditures throughout a given time frame, which ultimately reveals a profit or deficit.

Sales

The exchange of goods or services for money, representing revenue for a company.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Functional Currency

The main currency used by a business or unit within a business to conduct its day-to-day transactions.