The Garden State Manufacturing Company is attempting to coordinate activities by establishing routines and standard operating procedures that remain in place over time. This is an example of coordination by mutual adjustment.
Answer the following statement true (T) or false (F)
False
Coordination by mutual adjustment involves feedback and discussions to jointly figure out how to approach problems and devise solutions that are agreeable to everyone. By contrast, establishing routines and standard operating procedures are activities associated with coordination by standardization.
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Which of the following is true of improving cost efficiency of the marketing process?
A) If a business does not make products available at customers' preferred points of purchase, it lowers the cost of the transaction. B) For undifferentiated products, customers' transaction costs are high even when availability is unrestricted. C) The more undifferentiated a product is, the greater its perceived value. D) Customer value can be increased by lowering the cost of reaching customers. E) The general assumption is that the more intermediaries a channel system has, the lower the total cost of purchase.
If a U.S.-based firm wanted to attract e-commerce or social media customers from Europe, what could be done to encourage sales?
A) Allow consumers to pay with U.S. dollars B) Develop the website in the native language of the consumers C) Include information based on the imperial system D) Remove any identification that leads consumers to believe the website is based in the U.S. E) Guarantee overnight delivery of highly desirable goods
When the seller makes goods available at the factory or warehouse, where risk passes, is known as
Fill in the blank(s) with the appropriate word(s).
An act by a corporation that is beyond its express or implied powers is called a(n) ________
A) Subchapter Revision S Act B) novation act C) cooperate code act D) ultra vires act