QUESTION 1 1 points Save Answer A bakery in town makes muffins every morning. The ingredients used in each muffin include sugar, flour, and blueberries. The owner pays his store manager a salary to run the bakery. The manager's salary would be classified as a cost. fixed depreciation O variable standard QUESTION 2 1 points Save Answer An amusement park raised its entry prices from $25/day to $30/day. The park's management team noticed that overall daily ticket revenues went down after the change. Based on this scenario, demand for attending the amusement park is O inelastic O elastic O unitary elastic Ohybrid elastic QUESTION 3 1 points Save Answer A bakery in town makes muffins every morning. The ingredients used in each muffin include sugar, flour, and blueberries. The owner pays his store manager a salary to run the bakery. The cost of the bakery's muffin ingredients would be classified as costs. O depreciation O fixed O standard O variable QUESTION 4 1 points Save Answer Please match the pricing objectives with their accurate pricing objective categories. Return on investment A. Status quo Market share B. Sales oriented Price matching C. Option Match Please match this item with "Option Match" D. Profit oriented QUESTION 5 1 points Save Answer A new smartphone manufacturer introduces its products at a lower price than competitors in order to gain a large customers base, and hopes to raise the smartphone prices later in the product life cycle. What type of pricing approach is this? Penetration pricing Price skimming Price matching Standard pricing