Walt owns an auto repair shop in Northern Rottasa. He goes an extra mile to please his customers by providing comfortable and attractive waiting rooms, friendly service, and long-term warranty on all repair work. Which of the following philosophies has Walt employed to make his customers highly satisfied?
A. The socially responsible marketing concept
B. The production concept
C. The hard sell concept
D. The marketing concept
Answer: D
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Corporate strategy is formulated by ______.
A. the organization’s top managers B. the entire organization C. third-party consultants D. people in charge of marketing and manufacturing
On May 1, Faith, a real estate agent, and Grace, a commercial property owner, sign an agreement to find a buyer for Grace's office building. Under the terms, if a buyer makes a serious offer within sixty days, Grace must pay Faith's commission. Faith puts signs on the building, ads in real estate pamphlets and a local newspaper, and features the property in a "walking" tour on the Internet. On June 1, Grace tells Faith that she is canceling their arrangement. Ten days later, Grace closes a sale on the building without Faith's participation. Faith files a suit against Grace for the amount of her commission. In whose favor is the court most likely to rule and why?
What will be an ideal response?
If the times interest earned ratio:
A. Increases, then risk increases. B. Is less than 1.5, the company is carrying too little debt. C. Is greater than 3.0, the company is likely carrying too much debt. D. Is greater than 1.5, the company is in default. E. Increases, then risk decreases.
Which of the following describes confidentiality?
A. The assurance that messages and information are available only to those who are authorized to view them. B. Policies and procedures that address the ethical use of computers and Internet usage in the business environment. C. The right to be left alone when you want to be, to have control over your own personal possessions and not to be observed without your consent. D. The principles and standards that guide our behavior toward other people.