16, Which of the following is NOT true of the break even point Multiple Choice It represents the point where a firm's profits is equal to zero It represents the point where a firm's revenue is equal total costs It represents the point where the sales revenue equals the total costs of a product It represents the number of units required to be produced to meet the annual profit goal It represents the number of units required to cover both variable and fix costs 17, Snails Inc , a 10 year old bookstore situated in New York, recently launched an online store that offers uniform delivered pricing to all its customers across the globe It also offers all the books from the previous year at a discount Which of the following statements about Snails and its customers is true in this case Multiple Choice Customers from Canada are likely to pay a lesser shipping price than those in Asia Snails uses rebates to wholesalers and retailers that deal with its books Books from the previous year are offered at a size discount Snails uses price bundling to offer older goods to customers when it delivers them for at a standard shipping price Customers from Mexico are likely to pay the same shipping price as those from China 18, A strategy of selling a new product or service at a high price that innovators and early adopters are willing to pay to obtain is called Multiple Choice price fixing price skimming price discrimination bait and switch predatory pricing 19, Which of the following occurs when only a few firms providing a particular product or service dominate a market Multiple Choice Duopoly Monopsony Oligopoly Monopoly Oligopsony 20, Which of the following is NOT a benefit offered by kiosks Multiple Choice Access to loyalty program information The ability to personalize the information for each customer in an economical way Broader selection Access to wish lists and gift registries Access to items online that are out of stock in stores

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16, Which of the following is NOT true of the break-even point? Multiple Choice It represents the point where a firm's profits is equal to

16,

Which of the following is NOT true of the break-even point?

Multiple Choice

It represents the point where a firm's profits is equal to zero.
It represents the point where a firm's revenue is equal total costs
It represents the point where the sales revenue equals the total costs of a product.
It represents the number of units required to be produced to meet the annual profit goal.
It represents the number of units required to cover both variable and fix costs.
17,

Snails Inc., a 10-year-old bookstore situated in New York, recently launched an online store that offers uniform delivered pricing to all its customers across the globe. It also offers all the books from the previous year at a discount. Which of the following statements about Snails and its customers is true in this case?

Multiple Choice
Customers from Canada are likely to pay a lesser shipping price than those in Asia.
Snails uses rebates to wholesalers and retailers that deal with its books.
Books from the previous year are offered at a size discount.
Snails uses price bundling to offer older goods to customers when it delivers them for at a standard shipping price.
Customers from Mexico are likely to pay the same shipping price as those from China.
18,

A strategy of selling a new product or service at a high price that innovators and early adopters are willing to pay to obtain is called:

Multiple Choice
price fixing.
price skimming.
price discrimination.
bait and switch.
predatory pricing.
19,

Which of the following occurs when only a few firms providing a particular product or service dominate a market?

Multiple Choice
Duopoly
Monopsony
Oligopoly
Monopoly
Oligopsony
20,

Which of the following is NOT a benefit offered by kiosks?

Multiple Choice
Access to loyalty program information
The ability to personalize the information for each customer in an economical way
Broader selection
Access to wish lists and gift registries
Access to items online that are out of stock in stores