When demand hardly changes with a small change in the price of a product, the demand for the product is best described as ________
A) elastic
B) flexible
C) inelastic
D) variable
E) cyclical
C
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Fred’s cultural background favors personal achievement, monetary success, and competition. These are indicators of a/an ______ culture.
A. collectivist B. high power distant C. individualist D. masculine
While looking for ideas on how to craft a user-friendly dishwasher, the designers of a dishwasher-manufacturing company spent 10 days observing people as they used their dishwashers in their homes
In this instance, the designers were conducting a(n) ________. A) survey research B) experimental research C) quantitative marketing research D) ethnographic research E) causal research
Which of the following is an inherent weakness of publicity?
A. it is difficult to receive good feedback B. there is a lack of user control over it C. it is easily duplicated D. it can easily lead to promotion wars E. it has high absolute costs
Competition in the labour market for people with various skills is a product market factor that shapes external competitiveness.
Answer the following statement true (T) or false (F)