Describe how Vanguard Group keeps its costs down to attract the right type of customer
What will be an ideal response?
Vanguard focuses on index funds that create lower management fees and higher long term returns. They also do little advertising and have a policy of not trading.
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Products and services fall into two broad classes based on the types of consumers that use them. Name these two broad classes and describe how they are different from each other
What will be an ideal response?
The purpose of compensatory damages is to ________
A) put the victim in the position he or she would have been in had the tort never taken place B) recognize that the plaintiff has been wronged C) punish the defendant D) evaluate the extent of damages caused by the defendant in order to deliver a suitable prison sentence
For most people, Crest toothpaste would be a _______________ product.
Fill in the blank(s) with the appropriate word(s).
A bank may refuse to pay a depositor's check for any reason
Indicate whether the statement is true or false