If Sears Department Store Managers Looked at Macy's Department Store

question 238

Multiple Choice

If Sears department store managers looked at Macy's department store prices for identical national brands and,based on that information,decided to advertise a sale on those products,they would be exercising which pricing method?

• A) Competition-based
• B) Demand-based
• C) Cost-based
• D) Premium
• E) Penetration

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Definitions:

Mortgage Owes

Refers to the outstanding balance or the amount still owed by a borrower on their mortgage loan.

Open Mortgage

A type of mortgage that can be paid off, in full or in part, at any time without penalty, offering flexibility in repayment.

Final Order of Foreclosure

A legal decision by a court to permanently transfer ownership of property from the borrower to the lender due to default on the mortgage.

Power of Sale

A legal clause found in mortgages or deeds of trust that gives the lender the right to sell the property without court supervision if the borrower defaults.