Determining the transfer price as the price at which the product or service transferred could be sold to outside buyers is known as the:
A) Cost price approach
B) Negotiated price approach
C) Revenue price approach
D) Market price approach
D
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Which of the following is true for franchisors?
A) The franchisor has to pay the franchisee to be part of the franchise system. B) The franchisor licenses the trade mark from the franchisee. C) The franchisor must change its operations to suit those of the franchisee's. D) The franchisor collects royalty payments from the franchisee. E) The franchisor pays start-up costs for the franchisee.
Answer the following statements true (T) or false (F)
1. The study of the meaning of words is called semantics. 2. Jargon is the use of foreign language terms to represent concepts in American business. 3. Jargon is an example of a physical barrier to communication. 4. Trust between parties is an important element in preventing communication problems.
How does habitual decision making differ from extended problem solving?
A) Extended problem solving uses behavioral learning, while habitual decision making relies upon cognitive learning. B) Consumers engaged in extended problem solving perceive less risk than consumers involved in habitual decision making. C) The level of involvement for habitual decision making is lower than it is for extended problem solving. D) Habitual decision making involves significant cognitive dissonance, while extended problem solving rarely involves cognitive dissonance. E) Consumers who are seeking to develop their loyalty to a brand would be more likely to make habitual decisions than use extended problem solving.
Discuss the four most important limitations on the power of federal administrative agencies