As people in developing countries often prefer to buy in smaller quantities, ________ is one of the most important functions of intermediaries in developing countries and helps perpetuate the long channels of distribution, which are a major obstacle
to the expansion of retailing.
A) product adaptation
B) breaking bulk
C) diversification
D) transfer pricing
E) dual adaptation
B
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Stu would like to purchase a smart fridge--new technology that alerts you when you are low on staple foods in your refrigerator. He is hesitant, however, because he doesn’t know how useful it would be. He wishes he could use one for a little bit to see if it would be useful. Stu is concerned with ______.
A. compatibility B. complexity C. observability D. trialability
Which of the following statements about the cost and value of information is FALSE?
A. Dependable information can be expensive. B. The cost of gathering additional information is always justified by its value. C. Money may be wasted if a manager ignores the facts revealed in a marketing research study and bases his or her decisions on guesswork. D. Managers rarely get all the information they would like to have.
Walmart's operating strategy is to be the lowest-cost, lowest-priced competitor in the industry
Indicate whether the statement is true or false
Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 16, it paid the full amount due. The correct journal entry to record the purchase on August 7 is:
A. Debit Merchandise Inventory $9,750; credit Accounts Payable $9,750. B. Debit Merchandise Inventory $9,750; credit Cash $9,750. C. Debit Merchandise Inventory $9,750; credit Sales Returns $1,500; credit Cash $8,250. D. Debit Accounts Payable $8,250; debit Purchase Returns $1,500; credit Merchandise Inventory $9,750. E. Debit Accounts Payable $9,750; credit Merchandise Inventory $9,750.