Lori and Monica Are Looking at the Cans of Coffee

question 94

Multiple Choice

Lori and Monica are looking at the cans of coffee on display at a local supermarket.They are trying to decide which of two different-sized cans is the better buy.Lori attempts to divide the price of each can by the number of ounces of coffee each contains.Monica suggests that "the larger size is usually a better buy." Lori is using a(n) _____; Monica is using a(n) ______.

• A)heuristic; algorithm
• B)algorithm; heuristic
• C)algorithm; prototype
• D)prototype; heuristic

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Definitions:

Fixed Commission

A set fee or percentage of a transaction's value paid to agents or brokers for their services.

Sales Agents

Individuals or entities that are authorized to sell products or services on behalf of a company.

Pricing

The strategy or method a business uses to determine the cost to consumers for goods or services.

Franchisee

An individual or company that is granted the right to do business under the franchisor's brand and system in exchange for a fee.