Milt Alden says that his line workers "know each product like the back of their hands," and that this knowledge helps the company keep its prices low. This indicates that Alden Manufacturing most likely benefits from the ________
A) cost-plus pricing
B) value-added pricing
C) experience curve
D) inelastic demand in the market
E) derived demand in the market
C
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According to the human relations approach, employee commitment to an organization is gained by ______.
A. economic motivators and authority B. interpersonal communication skills C. moderate workload D. Both economic motivators and authority and interpersonal communication skills
Trevor requires that all applicants take a paper-and-pencil test with questions like “If a customer accidentally gave you too much money, would you return the excess?” Trevor is giving his applicants a(n) ________ test.
A. genetic B. honesty C. personality D. cognitive ability E. social
In many high-end resort markets, Westin hotels compete directly with Crown Plaza hotels. When it comes to pricing, Westin tends to charge its guests similar rates to what the Crown Plaza hotels charge. Westin is using a ________ pricing strategy.
A. competitive parity B. target profit C. sales oriented D. target return E. maximizing profits
American depository receipts (ADRs) are foreign stocks listed on stock exchanges located outside the country where the firms are headquartered.
Answer the following statement true (T) or false (F)