3. Monopolistic competition is a condition typical of most rctailing d. service

Question

3. Monopolistic competition is a condition typical of most rctailing d. service businesses 84. Profit maximization is: a volume pricing objective. b not a pricing objective , determined by the point at which the marginal revenue curve intersects the marginal cost curve d achieved by most firms in the marketplace 85The breakeven point is the point at which the a revenue from sales equals the pnce of the product. b supply curve intersects the demand curve. total revenue from sales equals the total cost of the product sold d marginal cost curve intercepts the marginal revenae 86. The pricing strategy that permits marketers to control demand in the introductory stages of a product's life cycle and then adjust productive capacity to match changing demand is known as pricing b. valuc-added 87. In order to recover research and development costs rapidly and earn high initial profits, SenseTV is setting a high price for its plasma TVs. The pricing strategy SenseTV is using is called pricing. market share skimming d competitive 88. A strategy of offering prices that are consistently lower than those of competitors is called skimming everyday low 89. Which of the following pricing strategies tries to reduce the emphasis on price as a competitive weapon? Penetration pricing bEveryday low pric C Skimming pricing d Competitive pricing 90. Retailers such as Hoene Depot and Lowe's who offer to meet or beat the best price offered by their competisors, use the strategy pricing. b penetration d cost-plus 91, The price normally quoted to potential buyers before any discounts or allowances are allowed is called theprice aunit b. list e. cash trade 92. An example of a rebate is: $5 returned by mail after a $100 parchase just for making the parchase. $3 off a $100 purchase days b for paying the bill within ten c.$25 off a $100 purchase because of a trade-in. d S10 off a S100 purchasefor buying in quantity

Explanation / Answer

83. Option b=retailing

Explanation:

Monopolistic competition is a market structure with large number of buyers and sellers of differentiated products. It exists mainly in retailing business. It gives marketers some control over prices.

84. Option c

Determined by point at which the marginal revenue curve intersect the marginal cost curve.

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