Double Drill Inc. segments its foreign markets by per capita income. This firm segments the international markets based on ________
A) political factors
B) legal factors
C) geographic location
D) economic factors
E) cultural factors
D
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A comparative scaling technique in which respondents are presented with several objects simultaneously and asked to order or rank them according to some criterion is called rank order scaling
Indicate whether the statement is true or false
Which of the following statements is false regarding a company's budgeted financial statements?
A) They are used for internal planning purposes. B) They are often called pro forma financial statements. C) Lending institutions should not use them as a basis for granting a loan. D) An error in the preparation of one budget often affects one or more other budgets.
A person must have contractual capacity to be an agent
Indicate whether the statement is true or false
All of the following statements about business objectives in designing a rating system are true EXCEPT
A) The rating system should encourage loss control activities. B) The rating system should be independent of long-run changes in economic conditions. C) The rating system should be simple to understand. D) The rating system should be stable over short periods so that consumer satisfaction can be maintained.