During the Hot Summer Months or the Week Before a New

question 22

Multiple Choice

During the hot summer months or the week before a new class starts if there is still space available,the Nick Price golf school in Orlando,Florida offers a 25 percent reduction to get golfers during the off-season or those making a last-minute decision.This is an example of pricing strategy used as a(n) :

• A) distribution tool
• B) price enhancer
• C) product strategy
• D) direct sales tool
• E) promotion strategy

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Definitions:

Debt

An amount of money borrowed by one party from another under the condition that it is to be repaid, usually with interest.

Net Profit Margin

A profitability ratio that measures the percentage of each sales dollar that remains as profit after all expenses, including taxes, have been paid.

Net Income

The total profit of a business after subtracting all expenses from total revenues.

Operating Income

The profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold.