The quantity of a product that people will buy is most likely to decrease as the product's _____ increases
a. distribution
b. quality
c. price
d. promotion
ANSWER: c
The quantity of a product that people will buy depends on its price. The higher the price, the fewer goods or services consumers will demand. Conversely, the lower the price, the more goods or services they will demand.
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__________ is the tendency for people with strong prior beliefs, when confronted with a choice, to make their decisions based on their beliefs even if their beliefs are false.
A. Prior-hypothesis bias B. Narrow-minded perception C. Tunnel vision bias D. The curse of knowledge E. Single-vision stereotyping
In a sound internal control system, all cash receipts should be deposited daily intact
a. True b. False Indicate whether the statement is true or false
The random group is a preexperimental design in which a group of test units is measured before and after exposure to the treatment
Indicate whether the statement is true or false
Network (multilevel) marketing is different from traditional sales in that it:
A) creates a pyramid with the CEO at the top and the salespeople at the bottom B) eschews growth of the salesforce for a given product C) relies on an interconnected network of independent salespeople to sell the product directly D) focuses on paid advertising instead of word-of-mouth publicity E) allies itself with competing products and service providers