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:

Alkynes

A group of hydrocarbons that contain at least one carbon-carbon triple bond, characterized by the formula CnH2n-2.

Triple Bond

A chemical bond in which three pairs of electrons are shared between two atoms, making it stronger and shorter than single and double bonds.

Molecular Formula

A notation that shows the type and number of atoms in a molecule but not their structural arrangement.

1-Hexyne

A colorless, flammable liquid hydrocarbon with a triple bond in its structure, part of the alkyne group, used in organic synthesis.