Which of the Following Is True of Price Discrimination as a Part

question 60

Multiple Choice

Which of the following is true of price discrimination as a part of international pricing strategy?

• A)The more competitors there are,the lesser consumers' bargaining power will be.
• B)The more competitors there are,the less likely consumers will be to buy from the firm that charges the lowest price.
• C)A firm may charge a higher price for its product in a country where competition is limited than in one where competition is intense.
• D)Many competitors cause low elasticity of demand.
• E)If a firm raises its prices above those of its competitors,consumers will refuse to switch to the competitors' products.

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An expense recorded before it is used, representing payment for rent that covers a future period, considered an asset on the balance sheet until the period to which it applies passes.

Salaries and Wages Expense

The total expense for a company from paying salaries and wages to its employees during a financial period, reflecting the cost of labor.

Salaries and Wages Payable

Liabilities arising from employees' salaries and wages that have been earned but not yet paid.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct periods.