A company decided to conduct a market survey for its new MP3 player which it had priced at $150. However, in the survey, 95 percent of the participants said that the maximum they would pay for the MP3 player is $100
This is an example of which of the following possible consumer reference prices?
A) historical competitor price
B) expected future price
C) usual discounted price
D) upper-bound price
E) last price paid
D
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An appliance store sells a television set to Adam for $750 on a conditional sales contract, reserving a security interest in the set until Adam has paid for it. The store does not file a financing statement but relies on attachment for perfection. Adam later borrows money from a credit union and gives it a security interest in the television set. The credit union does not perfect the security interest. Adam defaults on his loans and the credit union tries to claim the set. Under these circumstances, ________.
A. the appliance store cannot claim the set as they relied on attachment for perfection B. neither the appliance store nor the credit union can claim the set C. the credit union has a better claim to the set than does the appliance store D. the appliance store has a better claim to the set than the credit union
Companies establish sales territories to accomplish all of the following objectives EXCEPT to:
A. set responsibilities for salespeople. B. create goodwill with customers. C. avoid duplicating sales efforts. D. meet sales goals. E. control corporate credit ratings.
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the ordering costs are $15 per order, what are the total ordering costs during the 10-day period?
a. $115
b. $575
c. $45
d. $230
Leo Phan is the new business manager at PC Priced Right. He is concerned that his register is incorrectly ringing items. For those items sold during the last seven days, he has counted 10 that were incorrectly charged
What would be the 99.7% control limits for the number of incorrect rings per week on this process?