At wal mart randi saw a bag of daffodil flower bulbs

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2. At Wal-Mart, Randi saw a bag of daffodil flower bulbs and a box of plant fertilizer. The items, which were sold together, retailed at $28.50, but were marked down to $19.99. The $19.99 is the: a. revenue b. price c. profit d. liquidity value e. amortized value ANS: B Price is that which is given in exchange to acquire a product. PTS: 1 REF: 295 OBJ: 19-1 TYPE: App TOP: AACSB Reflective Thinking | TB&E Model Pricing 3. All of the following statements about price are true EXCEPT:
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PTS: 1 REF: 295 OBJ: 19-1 TYPE: Comp TOP: AACSB Reflective Thinking | TB&E Model Pricing 4. Which of the following statements about price is true? PTS: 1 REF: 296 OBJ: 19-1 TYPE: Comp TOP: AACSB Reflective Thinking | TB&E Model Pricing 5. Revenue: PTS: 1 REF: 296 OBJ: 19-1 TYPE: Def TOP: AACSB Reflective Thinking | TB&E Model Pricing 6. _____ pay for every activity of the company. a. Revenues b. Investments c. Retained earnings d. Profits e. Prices ANS: A Revenue is price times units sold, or the total inflow of capital that is available to pay for the costs of manufacturing the good and running the business. PTS: 1 REF: 296 OBJ: 19-1 TYPE: Comp TOP: AACSB Reflective Thinking | TB&E Model Pricing
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  • Spring '10
  • Patterson
  • Supply And Demand, AACSB Reflective Thinking, TB&E Model Pricing

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