Statutory law is the law made by the legislative branch of government
Indicate whether the statement is true or false
TRUE
You might also like to view...
Which of the following statements best describes a service?
A. Services are intangible items. B. Services comprise the subset of tangible features of products. C. Services are thoughts about concepts, actions, or causes. D. Services are the benefits organizations receive in exchange for selling products. E. Services are physical objects.
A friend of yours is starting a new business. She is confident that her product is superior to her competitors' and doesn't want to budget any money for marketing. You would recommend that she rethink her position on marketing for all of the following reasons except
A. marketing isn't essential now, but it will be in a year or two when the product takes off. B. marketing focuses on the product, but only as one element; three other areas are promotion, price, and place. C. marketers are skilled at communicating the value of the product to potential customers. D. marketers help address unmet customer needs, regardless of the size of the firm. E. marketing helps new ventures organize, operate, and assess risk.
List the three steps, in order of occurrence, of the operating cycle of a merchandising business
What will be an ideal response
According to Exhibit 2.1 "Ethical Business Leader's Decision Tree", which of the following is the first question managers should ask themselves when determining whether a proposed action is ethical?
a. Whether it will result in a loss of profits b. Whether stockholders would approve c. Whether the CEO would approve d. Whether it is legal