Manufacturers use customer reviews to gain insight that can be used to improve their products.
Answer the following statement true (T) or false (F)
True
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When the ideal selling price is first determined and the feasibility of meeting that price is assessed and costs are controlled in order to produce the product that can be sold at the target price, this is called:
A) market development. B) price determination. C) target costing. D) product development.
Which of the following is not an effective strategy for increasing communication quality?
a. Maximizing the frequency of interaction between marketing and R&D b. Use of formal channels of communication c. Developing clear organizational expectations about the exchange of information between functions d. Developing organizational goals that are superordinate to the goals of individual functions e. all are effective strategies
Describe the key differences between make-to-order, make-to-stock, and assemble-to-order processes. Provide at least one example of each type of process.
What will be an ideal response?
John was driving home one night in a terrible snow storm when his car stalled. He managed to push the car onto a small shopping center's parking lot. The next day about noon he came to get the car and it had been towed away by the owner of the parking lot. The owner explained she had to remove the car to clean the snow off her lot and told John where the car had been towed. Which statement is
correct? a. The owner of the parking lot is liable for conversion. She took John's car without his consent. b. The parking lot owner has a absolute privilege for towing the car since it was a business necessity. c. Even though John left his car in the parking lot under emergency conditions, he still committed a trespass on the owner's property. d. All the above are correct.