To be branded, products must be differentiated. List the possible ways that physical products can be differentiated
What will be an ideal response?
Products can be differentiated according to form, features, customization, performance quality, conformance quality, durability, reliability, reparability, and style.
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If the market rate of interest is 10%, a $10,000, 12%, 10-year bond that pays interest semiannually would sell at an amount:
A) less than face value. B) equal to the face value. C) greater than face value. D) that cannot be determined.
If the mean of the population is not known, we can take the average of all sample means. This average ______.
a. is known as the grand mean b. represents the mean of the specification limits c. displays process capability d. is equal to the mode
A favorable sales volume variance in variable costs suggests a(n) ________
A) increase in number of actual units sold when compared to the expected number of units sold B) decrease in number of actual units sold when compared to the expected number of units sold C) increase in variable cost per unit D) decrease in fixed costs
Adverse selection exists when those with higher risk obtain insurance coverage
Indicate whether the statement is true or false