Which of the following best completes the sentence, ‘People in the problem recognition phase of consumer decision making may also engage in ______, a subset of social commerce in which people participate in the design, selection, and/or funding of a product innovation.?
a. Participatory commerce.
b. Socially funded commerce.
c. Crowdfunding.
d. Startup commerce.
e. None of these.
a. Participatory commerce.
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Matthew, the president of a diesel engine research firm, was welcoming potential partners from a large automobile corporation in Europe. Before handing them off to his technical counterpart, he gave them an extensive tour of his laboratory and field-testing operations as part of which managerial role?
A. Figurehead B. Analytical C. Monitor D. Visionary E. Disseminator
Amounts of money can be added or subtracted only if they are at the same point in time
Indicate whether the statement is true or false.
A company sells two products-J and K. The sales mix is expected to be $3 of sales of Product K for every $1 of sales of Product J. Product J has a contribution margin ratio of 40% whereas Product K has a contribution margin ratio of 50%. Annual fixed expenses are expected to be $120,000. The overall break-even point for the company in dollar sales is expected to be closest to:
A. $263,420 B. $196,000 C. $252,632 D. $200,000
When using circuit switching, a dedicated path of transmission
facilities is established between the communicating parties. Indicate whether the statement is true or false