An unlicensed broker:
A) Can still collect a commission for property sold
B) Violates state law by taking listing agreements.
C) Neither a nor b
D) Both a and b
B
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Helmsman Products sells a special type of navigation equipment for $1200. Variable costs are $800 per unit. When a special order arrived from a foreign contractor to buy 44 units at a reduced sales price of $1000 per unit, there was a discussion among the managers. The controller said that as long as the special price was greater than the variable costs, the sale would contribute to the company's profits and should be accepted as offered. The vice president, however, decided to decline the order. Which of the following statements supports the decision of the vice president?
A) The order is not likely to affect the regular sales. B) The company is operating at 70% of its production capacity. C) The variable costs of $800 includes variable costs of packing the product. D) The company will need to hire additional staff to execute this order.
Practicing ______ means going along with local ethical rules and customs.
Fill in the blank(s) with the appropriate word(s).
Which of the following is the focus of pull marketing at the growth stage of the product life
cycle? A) showing how the organization's product is superior to others in the market B) educating consumers on the benefits of the new product C) cutting costs of promotion by eliminating pull marketing efforts D) offering incentives such as sales promotions to consumers for using the product
A closely guarded formula for a recipe protected by a soft drink manufacturer would be considered as an example of a ________
A) copyright B) patent C) trademark D) trade secret