When the Food and Drug Administration prohibits a certain drug from being marketed in the United States, this is
a. private law.
b. an agency regulation.
c. legal negativism.
d. an executive order.
b
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Profits or losses incurred by an organization are represented in its
A. income statement. B. expense budget. C. ratio analysis. D. capital expenditures budget. E. balance sheet.
Which of the following statements about economic needs is true?
A. Economic needs are unimportant to most consumers. B. Economic needs are rarely considered during times of economic recession. C. Economic needs refer to the buyer's need to behave in an economically rational manner and buy the lowest priced item available. D. Economic needs refer to the buyer's need to purchase the most satisfying product for the money. E. A product priced higher than the competition's is doomed to failure because it satisfies no economic need.
Why are many retailers creating and promoting their own captive brands?
a. Captive brands carry evidence of a store's affiliation and are available everywhere. b. Captive brands help to increase a company's presence in markets where it has little room to differentiate itself. c. Captive brands allow retailers to ask a price similar or equal to manufacturers' brands. d. Captive brands allow retailers to gain greater profits by marketing cheaper products under a brand name owned by them.
Why did the FCC establish anti-siphoning regulations?
What will be an ideal response?