Rudolph overhears Macy's plans to go skydiving over spring break. Not really knowing Macy, but figuring it's worth a chance, Rudolph rushes out and buys an insurance policy for $100,000 on Macy's life. Macy does in fact meet her demise jumping out of the airplane. Rudolph can collect the $100,000.
a. true
b. false
b. false
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The marketing manager of Low Cost Retailer wants to conduct descriptive research to gather information on what customers purchase, when they purchase, and how often they purchase certain products. For this purpose, the marketing manager should use ________.
A. a laboratory experiment B. an in-depth interview C. causal data D. a focus group E. behavioral data
Explain the Statute of Frauds
What will be an ideal response?
Absinth Co. specializes in manufacturing serial ATA cables and optical drives. These component parts are purchased by Belcom Inc., a hardware manufacturing company, and are assembled, along with other parts, in the manufacturing of personal computers. Edward already owns a personal computer, but he wants to upgrade his system. He only purchases the components he needs to revamp his system from a local dealer. Which of the following statements is true of this scenario?
A. The components Edward purchased were being sold as consumer goods in the aftermarket. B. The market Absinth first introduced its products into is called the aftermarket. C. The products Belcom purchased from Absinth were being sold as components in the aftermarket. D. The market Edward purchased his component parts from is called the original equipment market.
A New Business (Scenario)Patrick majored in entrepreneurship and computer science in college. After graduation, he decided to start his own business as an e-business entrepreneur, founding an online B2B reverse auction company called CompuSave.After hiring several employees, Patrick requires that each person in this company be involved in studying trends involving new technology, competitors, and customers. These employees are involved in ________.
A. external analysis B. internal analysis C. formulating strategies D. implementing strategies