This matrix of transition probabilities deals with brand loyalty to Bark Bits and Canine Chow dog food.
a. What are the steady-state probabilities?
b. What is the probability that a customer will switch brands on the next purchase after a large number of periods?
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Partners A and B receive a salary of $16,000 and $14,000, respectively. They agree to share income equally. If the partnership has income of $280,000 in 20x5, the entry to close the income into their capital accounts is:
A) A, Capital 141,000 B, Capital 139,000Income Summary 280,000 B) Income Summary 280,000 A, Capital 141,000B, Capital 139,000 C) Income Summary 280,000 A, Capital 140,000B, Capital 140,000 D) A, Capital 140,000 B, Capital 140,000Income Summary 280,000
The step that follows preapproach in the personal selling process is ________
A) sales presentation B) close the sale C) overcome objections D) prospecting E) approach
Which of the following is not generally a "driving force" capable of producing fundamental changes in industry and competitive conditions?
A. movement in the economy and in interest rates B. product innovation and technological change C. changes in the long-term industry growth rate D. increasing globalization of the industry E. regulatory influences and government policy changes
Many Americans are ____ to the death penalty
A) averse B) adverse