Microsoft Hires Marketing and Sales Specialists to Decide What Prices

question 22

Multiple Choice

Microsoft hires marketing and sales specialists to decide what prices it should set for its products, whereas a wealthy wheat farmer in Saskatchewan, who sells his output in the world commodity market, does not.Why is this so?

• A)because Microsoft is large enough to hire the best people in the field
• B)because Microsoft could potentially lose sales if it sets prices indiscriminately
• C)because the wealthy wheat farmer is a price taker who chooses his optimal output independently of market price but Microsoft's optimal output depends on the price it selects
• D)because unlike Microsoft, the wealthy wheat farmer is probably a monopolist

Identify and describe the diagnostic criteria and subtypes of sexual disorders such as erectile disorder, orgasmic disorders, and gender dysphoria.

Understand the concepts and controversies surrounding hypersexuality.

Identify the biological, psychological, and social aspects of paraphilias and their treatment.

Understand the significance of gender identity and the criteria for gender dysphoria according to DSM-5.

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Definitions:

Competitors

Other businesses that offer similar products or services in the same market, competing for the same customer base.

Competition

The rivalry among businesses to attract customers, increase sales, and achieve a dominant position in the market.

Price

The sum of money anticipated, necessary, or provided as a payment for an item.

Product Life Cycle

The sequence of stages a product goes through from introduction to growth, maturity, and decline in the market.