Explain the following statement: "A product is a bundle of attributes."
What will be an ideal response?
A product is not just a thing in a package. It includes the package, the brand name, the product benefits, and supporting features in addition to the physical good. A product is everything a consumer receives in an exchange. This question can also be answered in terms of the core product, the actual product, and the augmented product.
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Between 2015 and 2016, the dollar
Answer the next question on the basis of the table below, which shows the exchange rate between various currencies and the U.S. dollar. December 2015 Exchange Rate December 2016 Exchange Rate Currency (dollars per unit of foreign currency) (dollars per unit of foreign currency) Mexican peso $0.07 $0.09 Swiss franc $1.10 $1.05 Japanese yen $0.010 $0.012 British pound $1.64 $1.58 a. depreciated against the franc; depreciated against the pound. b. appreciated against the franc; appreciated against the yen. c. depreciated against the peso; appreciated against the pound. d. depreciated against the peso; appreciated against the yen.
What happens when merchandise is delivered FOB Destination?
A. The buyer pays the freight cost. B. The seller pays the freight cost. C. The seller records transportation-out expense. D. The seller pays the freight cost and records an expense.
Mesquite, Inc engaged in the following transactions during October: Performed services for cash $1,840 Performed services on credit 2,100 Purchased office supplies on account 800 Paid salaries in cash 900 Collected on account 600 Paid on account 400 What is the balance in cash after these transactions?
A) $940 B) $1,140 C) $740 D) $2,440
A ________ occurs when parties are unable to move further toward settlement.
A. mediation B. lockout C. grievance D. bargaining impasse