I certify that I have completed this quiz on my own without…

I certify that I have completed this quiz on my own without the use of additional resources such as notes, the textbook, electronic resources, your phone, ear buds, smart watch, and personal communication with another person, etc. I understand that if any academic dishonesty is suspected, a zero grade will be assigned for the quiz, a zoom meeting will be set up to discuss the academic dishonesty, and an oral quiz may be given in its place.  All violations of Academic Integrity (cheating and plagiarism) will be reported to the College.  

You decide to buy a new car. You talk to friends about it, r…

You decide to buy a new car. You talk to friends about it, research mechanical specifications in Consumer Reports, test-drive different makes and models, and compare prices at several dealerships. Into which classification of consumer products would your new car purchase fall?

In 2013, Xunrui Communications was an upstart maker of inexp…

In 2013, Xunrui Communications was an upstart maker of inexpensive smartphones for the Chinese market. Xunrui purchases the components and assembles the phones in Shenzhen, located in southern China. These smartphones retail for about $65, significantly less than the $250 to $800 for smartphones marketed by Apple or Samsung, the top providers. Xunrui Communications is most likely using which pricing strategy in this example?