Consumers are usually better informed than business buyers about the products they buy.

Answer the following statement true (T) or false (F)


False

Business

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During an economic downturn, a company instituted an across-the-board pay cut rather than lay people off. What are the advantages of such an action?

What will be an ideal response?

Business

Identify a policy under which an employer refuses to hire or terminates a worker whose spouse works at a competing firm.

A. Antitrust policy B. Anti-nepotism policy C. Conflict-of-interest policy D. Affirmative action policy

Business

Gerald is answering questions about his age, level of education, and ethnicity on a questionnaire. These are all warm-up questions

Indicate whether the statement is true or false

Business

A broad strategy to use to get intermediary participation and cooperation is

a. break-even analysis b. cost/benefit ratio development c. a contract d. forward integration e. backward integration

Business