Question: 49) ________ is setting a price at the highest level the market will bear, usually because there is no competition at the time. Group of

49) ________ is setting a price at the highest level the market will bear, usually because there is no competition at the time.

Group of answer choices

Premium pricing

Skimming

Odd-even pricing

Partitioned pricing

50) A _____ will warehouse products, pack and ship them, and send an automated e-mail to customers to let them know that the product is on its way.

Group of answer choices

contract manufacturer

traffic generator

sheltered workshop

fulfillment center

51) A _____ is a document issued by a bank that guarantees a buyer's payment for a specified period of time upon compliance with specified terms.

Group of answer choices

documentary draft

letter of credit

mail order

bill of lading

52) Larry owns a successful business called Super Car-Hire. He plans to sell it to Bob. Bob assumes that he can keep up the high revenues if he can plan and execute the mission of the business well. Which of the following basic accounting concepts is reflected in Bob's assumption?

Group of answer choices

The business entity idea

The going concern expectation

The accounting equation

The revenue and expense premise

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