Explain the differences between culture, subculture, and social class
What will be an ideal response?
Culture is the fundamental determinant of a person's wants and behavior. Subcultures provide more specific identification and socialization of their members. Subcultures include nationalities, religions, racial groups, and geographic regions. Social class is a relatively homogeneous and enduring division in a society, that are hierarchically ordered and whose members share similar values, interests, and behaviors.
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Describe the legal aspects of exclusive arrangements such as exclusive dealing and exclusive distribution
What will be an ideal response?
Top managers of Boardwalk Manufacturing are alarmed by their operating losses
They are considering dropping the desktop product line. The company accountants have prepared the following analysis to help make this decision. Boardwalk Manufacturing Income Statement For the Year Ended December 31, 20XX Total Laptop Desktop Sales Revenue $930,000 $575,000 $355,000 Variable Costs 507,000 267,000 240,000 Contribution Margin 423,000 308,000 115,000 Fixed Costs: Manufacturing 375,000 225,000 150,000 Selling and Administrative 62,000 45,000 17,000 Total Fixed Costs 437,000 270,000 167,000 Operating Income (Loss) $(14,000 ) $38,000 $(52,000 ) If the company stops selling the desktop product line, the company will be able to avoid 80% of the fixed manufacturing costs and 100% of the fixed selling and administrative costs. Prepare a differential analysis to show whether Boardwalk Manufacturing should drop the desktop product line. Should the desktop product line be dropped? Explain your answer. What will be an ideal response
Fixed rate mortgage typically have a
A) higher initial interest rate than comparable adjustable rate mortgages. B) lower initial interest rate than comparable adjustable rate mortgages. C) identical initial interest rate to that on comparable adjustable rate mortgages. D) an initial rate that may be above or below that on comparable adjustable rate mortgages.
A buy class situation affects buying center tendencies in different ways. If there are many people involved, the problem definition is uncertain, and the time required for a decision is long, the buy class situation is most likely a
A. new buy. B. conditional rebuy. C. straight rebuy. D. standard buy. E. modified rebuy.