Sherrie Is Seven Years Old and Wants to Open a Lemonade

question 40

Multiple Choice

Sherrie is seven years old and wants to open a lemonade stand in her neighborhood.She is having a tough time deciding whether to base her pricing objectives on market share,dollar sales,or unit sales.Regardless of which she chooses,her pricing objective can be categorized as:

• A) status quo
• B) profit oriented
• C) need oriented
• D) cost oriented
• E) sales oriented

---

Definitions:

Tyranny of the Majority

A situation in a democratic setting where decisions made by a majority place its interests above those of an individual or minority group, potentially leading to oppression.

PACs

Short for Political Action Committees, these are organizations that raise money privately to influence elections or legislation, especially at the federal level.

United States

A federal republic in North America, composed of 50 states, a federal district, and other territories.

Pluralism

A political philosophy or system suggesting that multiple diverse groups can coexist, share power, and contribute to decision-making processes in a society.