For a new fresh food subscription company to determine the price of their meal kits, their first step would be to: a. estimate demand, costs, and profits. b. choose a price strategy to help determine a base price. c. fine-tune the base price with pricing tactics. d. establish pricing goals. True/False 1. Price means the same thing to the consumer and to the seller. True False 2. Each meal kit service controls a select market share of the fresh food subscription industry. True False 3. As more companies enter the fresh food subscription business, the demand increases. True False 4. Fresh food subscriptions have an elastic demand. True False 5. When competitive pressures are high, a company must know when it should raise or lower prices to maximize its revenues. True False

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Organizational Development

A systematic and consistent change in the values or business operations to create overall growth in an organization is referred to as organizational development. It distinguishes itself from routine operations and workflow enhancements. It follows a methodology that management should openly explain business objectives to all workers.