Which of the Following Is a Disadvantage of Flexible Pricing

question 163

Multiple Choice

Which of the following is a disadvantage of flexible pricing?

• A) It allows a salesperson to adjust the price in response to competition.
• B) It leaves opportunities for sales by not adjusting to customers.
• C) It allows a salesperson to adjust the price depending on his customer.
• D) It can cause discontent among customers who realize they have paid a higher price than others.
• E) It results in broadcasting a price that the competition can undercut.

Recognize the critical components of a business plan and what information they should include.

Appreciate the importance of realistic financial forecasting in business planning.

Understand the role of a feasibility study in the business planning process.

Identify the importance of market analysis and competitive analysis in a business plan.

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Definitions:

Epidemiology

The study of how diseases spread and can be controlled in populations, focusing on patterns, causes, and effects of health and disease conditions.

The World Smaller

The concept often refers to the process of globalization and technological advancements that make communication, travel, and trade easier across long distances, effectively making the world feel smaller.

Travel

The act of moving from one location to another, which can be local or over long distances and can involve various modes of transportation.

Continent

One of the very large landmasses on the earth's surface, typically separated by oceans, which include Africa, Antarctica, Asia, Australia, Europe, North America, and South America.