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abled: Chapter $11$ Quiz $-$ Due on Friday, May $31...$

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Different brands within a company's product line generally have different profit margins; higher price lines have higher profit margins. For example. Nike Variety tennis shoes have variable costs of $$6$ and sell for $$24$; whereas, Nike Wimbledon tennis shoes have variable costs of $$10$ and sell for $$48.$ It must be true that:

Multiple Choice

demand is unrelated to price.

Nike is using a cost$-$plus percentage$-$of$-$cost pricing strategy.

demand is unrelated to product quality.