Number of pricing strategies that are utilized

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1. Julio, a veteran of the 1930’s Bonus Army, owns an Applebee’s franchise in Trenton, New Jersey as a sole proprietorship. On December 1, Faye falls on ice in the Applebee’s parking lot. Faye injured her hip. She goes to see a lawyer on the outskirts of town and asks to file a lawsuit. The lawyer is busy, but promises to file the complaint after then new year. On Christmas day, Julio dies at the ripe old age of 118. Julio’s daughter Julienna inherits the business on February 14. On February 21, Faye’s lawyer filed the lawsuit against Applebee’s seeking compensation for Faye’s December 1 fall. What is the likely outcome of the lawsuit?

a. Faye will prevail. b. Faye will not prevail.

2. The recent executive order signed by President Trump overturning a previous order by President Obama, and ordering that construction of the Keystone Pipeline go ahead is an example of which kind of law?

a. Statutory b. Common c. Administrative d. Direct order

3. There are a number of pricing strategies that are utilized.  In your opinion, which of the following strategies are utilized in the cell phone industry and why?

A- Penetration

B- Skimming

C- Value added

4. Reports that are updated and generated by a reporting system at the time of creation are referred to as ________.

A) exception reports

B) static reports

C) query reports

D) dynamic reports

Reference no: EM132247782

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