Thompson Pool Is Known for Quality Pool Installations,excellent Customer Service,and

question 20

Multiple Choice

Thompson Pool is known for quality pool installations,excellent customer service,and reasonable prices.If you want to have a Thompson pool you will have to wait about six months due to demand for their product.While Thompson could probably price their product higher,given the demand,they don't. Instead,they set price so that they earn a reasonable level of profits. This company seems to base its pricing policy on:

• A) profit maximization
• B) earning satisfactory profits
• C) creating retained earnings
• D) making the most money as possible
• E) decreasing consumer demand

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Definitions:

Sharp Peaks

Pointed mountaintops or summit areas characterized by steep slopes and rugged terrain.

Sharp Ridges

Narrow, elongated, and often steep landforms that are formed by the erosion of geological processes, especially in mountainous regions.

Terminal Moraine

A moraine that forms at the farthest point reached by a glacier or ice sheet, marking its maximum advance.

Recessional Moraine

A ridge of debris deposited at the point of furthest retreat of a glacier or ice sheet.