Which of the following is a type of nonlinear trend pattern?
a. damped trend
b. trend line
c. no trend (level demand)
d. exponential growth
d. exponential growth
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Manuel's vacation to Chicago for $1,000 for three nights in a four-star hotel on Michigan Avenue included airfare and accommodation. If these services were availed individually, it would have been more expensive. This form of pricing is referred to as
A. leader pricing. B. zone pricing. C. odd pricing. D. price bundling. E. variable bundling.
Identifying which potential customers within the firm's target market have not only a desire for the product, but also the authority to purchase it and the resources to pay for it is a process called ________.
Fill in the blank(s) with the appropriate word(s).
What word is best associated with deontological ethics?
a. happiness b. outcome c. obligation d. benefit
Wes, who is an art collector, offered to buy a print from Le Monde Gallery. Le Monde balked at the price, sending Wes a letter of rejection. That day it discovered that the print was not as highly valued as originally thought. Le Monde immediately telephoned Wes to accept his offer. Is there a contract?
A) Yes, since the acceptance was received before the rejection B) No, because the rejection was effective upon dispatch C) No, because the rejection terminated the offer D) Yes, because the acceptance is always effective upon dispatch