When Calculating GDP,purchases of Used Goods Are

question 150

Multiple Choice

When calculating GDP,purchases of used goods are

• A)included at the original price.
• B)included by taking the original price and subtracting the (current)used price.
• C)included at the (current)used price.
• D)not included.
• E)included at the original price minus any depreciation.

Identify various pricing strategies used by firms in different competition settings (e.g., oligopolistic, monopolistic, pure competition).

Understand the concept of price elasticity and how changes in prices affect demand and supply.

Comprehend the role of pricing tactics in marketing and operations, including loss-leader and predatory pricing.

Explain different pricing objectives and factors influencing pricing decisions in marketing.

---

Definitions:

Cost-leadership

A strategic approach by a company to become the lowest-cost producer in its industry for certain products or services, aiming to gain a competitive advantage.

Low Income

Describes a level of earnings that is below the average or median, often associated with economic challenges and limitations in access to resources.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Threats

Potential dangers or harm that can negatively impact individuals, organizations, or systems.