Price, Supply and Demand. Amonopoly's potential to raise prices indefinitely is its most critical detriment to consumers.
Answer:
A. premarket testing.
Explanation:
The pre market testing is when people from a certain business send products to people that are the target of that product to see if they would use it, continue to use it and how much would they be willing to pay for that product, this is done prior to the launch of the product, in order to get to know better the consumer and how they can improve their product, also to see if it is viable to start mass production and launch it into the market, so what Lorraine is doing is premarket testing.
Answer:
Weakness 1 is signed paper are not stored in safe and secured location.
Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.
Explanation:
The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.
Answer: True
Explanation:
A price break is a price reduction especially when one buys in bulk. Price Break model is used when there is variation between the inventory price and the order size.
In a price break model. the economic order quantity is computed for every possible price and matched to the inventory amount available at that price. It can then be used to ascertain if the smallest cost quantity is possible.
