Discuss the differences between solo exchanges and functional relationships.
What will be an ideal response?
Both the buyer and the seller in a solo exchange pursue their own self-interests. The seller calculates profit from the relationship immediately after the transaction. The issue is not an ethical one; there is no intent to maliciously hurt the other party. At the same time, however, there is no future consideration to worry about in terms of whether the transaction was worthwhile. Functional relationships are long-term market exchanges characterized by behavioral loyalty; a buyer purchases the same product out of habit or routine. Buyers in this type of relationship tend to have the same orientation as they do in solo exchanges, but the previous purchase influences the next purchase. As long as a buyer is satisfied and the product is available at a reasonable price and functions well, the buyer will continue to buy the product.
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List four constituencies that might be included.
In moving from the measurement model to the structural model:
A) The error terms are correlated with each other. B) The emphasis shifts from the relationships between latent constructs and measured variables to the nature and magnitude of the relationships between constructs. C) The exogenous constructs each become endogenous. D) The endogenous constructs become exogenous. E) None of the above
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Answer the following statement true (T) or false (F)
The National Ambient Air Quality Standards focus on nine major outdoor pollutants
a. True b. False Indicate whether the statement is true or false