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Week 5 Quiz.docx - Ronald Eaves (username: eavesr35)...

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Ronald Eaves (username: eavesr35)Attempt 1Written: Sep 30, 2021 8:44 PM - Sep 30, 2021 8:53 PMSubmission ViewYour quiz has been submitted successfully.1 / 1 point________ is the sum of all the values that customers give up to gain the benefits of having orusing a product or service.PayrollProfitPriceCostSalary
Question21 / 1pointWhich of the following sets the lower limit for a product's pricing?
Question31 / 1point
Rent, electricity, and executive salaries that do not vary with production or sales level are
Question40 / 1pointEach PC produced by HP involves a cost of computer chips, wires, plastic, packaging, andother inputs. Although these costs tend to be the same for each unit produced, they are called________ costs because the total changes based on the number of units produced.
Question51 / 1pointThere are more than 50 blueberry farmers in Shammonton, New Jersey, that grow, package,and distribute the same quality blueberries. An individual farmer cannot charge more than thegoing market price per unit without the risk of losing business to the other farmers. This is anexample of ________.pure competitionmonopolistic competition
oligopolistic competitiona pure monopolya black marketQuestion61 / 1pointThe first Target store opened in 1962. Its initial strategy was to set prices low to attract a largenumber of buyers quickly and win a large market share. This is referred to as ________.
Question71 / 1point

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Term
Summer
Professor
N/A
Tags
Marketing, Pricing, producer

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