Deciding what product to buy best describes
A) merchant brokering.
B) product brokering.
C) electronic decision support.
D) social shopping.
B
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Which of the following is not identified by Porter as one of the five forces that explains competition in an industry?
A) threat of new entrants B) threat of substitute products or services C) bargaining power of suppliers D) bargaining power of competitors E) the competitive rivalry among current members
The family in a buyer's life consisting of parents and siblings is the ________
A) family of procreation B) family of influence C) family of efficiency D) family of orientation E) purchasing family
Kirby subscribed to purchase 10,000 shares of stock to be issued by Globule Inc., an existing corporation. Globule accepted the subscription. The price set forth in the subscription agreement was $10 per share. When the time came for Kirby to pay the amount of his subscription, Kirby paid only $6 per share, claiming that such an amount represented the fair value of the shares. Globule delivered the stock certificates to Kirby for $6 per share. Is Kirby liable to Globule for the other $4 per share?
A. No, but he is liable for another $2 per share. B. No, because regardless of what the subscription price was, he cannot be forced to pay more than the fair market value of the shares. C. Yes, because Globule's stock does not have a par value. D. Yes, because regardless of the fair value, a purchaser is liable for stocks issued for less than the par value.
In some cases, changing one thing in an organization, such as the compensation system, may affect other unintended areas. Why is this?
a. Organizations are highly dynamic and interactive, and will change often in unexpected ways b. Compensation affects employees, which determines the organization’s entire performance c. Change often fails, and this is a symptom of poorly executed change d. Unintended consequences are often logical, but the change leader just hadn’t thought or planned for them