A(n) ________ sales force is usually less expensive for a company to operate than a(n) ________ sales force
A) product line; geographic
B) product line; key account
C) industry; geographic
D) inside; outside
E) outside; inside
D
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Profit margin reflects the percent of profit in each dollar of revenue.
Answer the following statement true (T) or false (F)
In the Hurwicz equation, Hi = ? ? (maximum payoff) + (1 – ?) ? (minimum payoff); if we set ? = 0, then the equation reduces to ______.
A. maximin criterion B. maximax criterion C. Laplace criterion D. minimax regret criterion
During the last years of a balloon mortgage loan, the lender applies
A) most of the monthly payment to the outstanding principal balance. B) all of the monthly payment to the outstanding principal balance. C) most of the monthly payment to interest on the loan. D) all of the monthly payment to interest on the loan. E) the monthly payment equally to interest on the loan and the outstanding principal balance.
In terms of price, which of the following types of consumer product would be relatively inexpensive?
A. shopping product B. specialty product C. convenience product D. unsought product E. supplies