17 - Question 1 Marks 1 Which of the following is NOT part of the price of a credit card for college students Choose one answer a A monthly fee for

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Question 1 Marks: 1 Which of the following is NOT part of the price of a credit card for college students? Choose one answer. a. A monthly fee for the card b. A 3% charge for cash advances c. The interest rate charged on purchases d. Feeling depressed because of your credit card debt. e. All of these are part of the price of a credit card for college students Correct Marks for this submission: 1/1. Question 2 Marks: 1 Price elasticity is the slope of the demand curve. When price elasticity is HIGH? Choose one answer. a. You can decrease profits by decreasing prices b. You can increase profits by cutting prices c. You can decrease revenues by cutting prices d. You can increase revenues by cutting prices. e. You can increase revenue by increasing prices Incorrect Marks for this submission: 0/1. Question 3 Marks: 1 BruceCo is planning on selling backpacks for \$100 each. The company can buy the backpacks for \$30.00 and have them customized for \$20.00. T There is a one-time set up charge of \$1,000 for customization. In order for

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the project to go forward, the company needs to show a \$10,000 profit. How many backpacks will BruceCo
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This note was uploaded on 09/29/2011 for the course MKTG 431 taught by Professor Brucerobertson during the Spring '07 term at S.F. State.

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17 - Question 1 Marks 1 Which of the following is NOT part of the price of a credit card for college students Choose one answer a A monthly fee for

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