Please answer the following questions:

_________ involves charging customers unreasonably high prices when goods or services are in short supply. *

C. Opportunistic pricing

A. Suggested Retail pricing

B. Zone pricing

D. FOB pricing

_________ is a fabric finishing technique to give the surface a uniform pile or to take off fuzz. *

A. Shearing

D. Heat setting

C. Napping

B. Calendering

________ fiber is so light that it actually float in the water. *

A. Polyester

D. None

C. Nylon

B. Polypropylene

Assume that a retailer originally priced a private-label juicer at $100 and raised the price to $120. Prior to raising the price, the retailer was selling 1,500 units a week. When the price was increased, sales dropped to 1,100 units per week. What is the price elasticity of the product? *

C. 1.5

D. -2.42

A. -1.42

B. -1.33

For non-branded new clothing line launched by a online store should follow which pricing strategy? *

C. Penetration

A. Skimming

D. All of the above

B. Psychological

The treatment of cotton with a cold, strongly caustic chemical solution to achieve a lustrous silk-like finish is known as ________ chemical means of finishing. *

B. Decatizing

A. Caustic reduction

D. Mercerizing

C. Durable press

If a company's fixed cost is $5,00,000 and variable cost is $15. Company's expected sales is 50,000 and company is planning to have 25% profit. What would be the mark-up price? *

D. 53

A. 43

C. 23

B. 33

If products that are expensive relative to a consumer's income then it would be_______ *

B. Price inelastic

A. Price elastic