Major restaurant chain Chipotle has eliminated the use of genetically modified ingredients (GMOs); Whole Foods has committed to labeling any products containing GMOs by 2018; and WalMart is expanding its range of organic foods that are also free of GMOS. These are all examples of which force for change?

a. Management changes
b. Customers demographic characteristics
c. Social and political pressures
d. Customer and market changes


c. Social and political pressures

Business

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If consumers were largely indifferent to a $0.5 increase in the price of a gallon of milk, the price rise is said to fall within customers' ________

A) price indifference band B) experience curve C) arm's-length price D) learning curve E) net price index

Business

A company may elect to use the fair value option for a single note receivable or for all notes receivable

Indicate whether the statement is true or false

Business

What are the advantages and disadvantages of market value as a transfer price?

Business

Fluorescent lighting, in comparison to incandescent lighting, offers few advantages

Indicate whether the statement is true or false.

Business