A manager deciding where six departments could be located in a six-room office building has over 500 possible arrangements
Indicate whether the statement is true or false.
Answer: TRUE
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A value-added incentive should be designed to inspire a short-term purchase rather than trying to influence long-term buying habits
Indicate whether the statement is true or false
Projecting sales price changes depends on factors specific to the firm and its industry that might affect demand and price elasticity. Which of the following types of companies would most likely be able to increase prices?
a. A firm in a capital intensive industry that is expected to operate near capacity for the near future. b. A firm in a capital intensive industry in which excess capacity exists. c. A firm operating in an industry that is expected to experience technological improvements in its production process. d. A firm operating in an industry that is transitioning from the high growth to the maturity phase of its life cycle.
A drink manufacturer finds setting up a plant to make its own bottle caps expensive and technically difficult. Which of the following will be most helpful in solving the manufacturer's problem?
A. increasing bargaining power B. going for a vertical integration with a distributor C. outsourcing D. achieving economies of scale E. lowering input costs
Which of the following statements about sampling is correct?
a. Sampling is based on the principle that a sufficiently large number drawn from a population will be representative, regardless of whether the selection was random. b. The results of a sample will be biased and therefore not reliable for formal research. c. Sampling is a survey technique that eliminates the need for questioning 100 percent of the population. d. All of the above are correct.