Question $15$

$1$ pts

Fernand's Fabrics has a large inventory of fabric for home crafters and seamstresses but carries very few craft supplies and is finding it difficult to compete with the large chain fabric stores as a result. In order to bring more customers into the store, Fernand lowers the price of fabric below his cost for a month, hoping that once customers come to his store, they will return. This is called $q,$ pricing.

survival

competitive

profit maximization

investment

Question $16$

$1$ pts

If John purchases a tie from JCPenney for $$30,$ that $$30$ represents JCP$$nney$\text{'}$s $$ from the sale.

income

$cost$

proceeds

breakeven amount

revenue