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:

Colonial Governments

Administrative bodies established by colonial powers to oversee and control their colonies, often imposing foreign governance systems on indigenous populations.

Colonial Experience

Refers to the period of history when various European powers established colonies abroad, imposing their control and influence on other territories and peoples.

English And French

Languages that are widely spoken globally, originating from England and France, respectively, and serving as official languages in numerous countries.

Mayflower Compact

An agreement reached by the Pilgrims on the Mayflower in 1620, which established a rudimentary form of democracy and self-government for their new settlement in Plymouth.