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Georgie wishes to establish a pricing objective for her new company. Georgie wants a pricing...

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Accounting

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Georgie wishes to establish a pricing objective for her new company. Georgie wants a pricing objective which is the easiest to implement. Would you recommend that Georgie use a profit-oriented, a salesoriented or a status quo pricing objective? Explain your answer in no more than 3 bullet points. 1 mark for correct answer with valid explanation. For most consumers, would the purchase of a vacation trip demonstrate elastic demand or inelastic demand? Please explain your answer in no more than 3 bullet points. 1 mark for correct answer and valid explanation. What has been the main thrust of recent changes in the financial reporting rules following the financial scandals of Enron, Worldcom, etc? Multiple Choice To add to the work of the companies' external accountants. To force the companies to disclose more of their internal information. To provide incentives to increase their net income. To improve internal control over companies' financial reporting

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