The primary value that a customer expects to receive from a marketer in an exchange relationship is
A. a reward or benefit greater than the costs incurred in the transaction.
B. the price charged for the product.
C. customer satisfaction.
D. quality merchandise that meets expectations.
E. a discounted price.
Answer: A
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When a job is completed but not sold, the accounts affected are:
A) Raw Materials and Work-in-Process. B) Work-in-Process and Finished Goods. C) Work-in-Process and Cost of Goods Sold. D) Finished Goods and Cost of Goods Sold. E) Finished Goods and Overhead Control.
Bargaining impasse occurs when:
A. bargaining partners fail to agree on mutually acceptable terms of employment. B. bargaining partners engage in concession bargaining. C. either party to negotiations violates the NLRA. D. a new contract is not agreed upon before the old contract expires.
Explain the primary goals of the Knights of Labor.
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
1. Most businesses do not need a plan to get started. 2. If your plan is not described in a formal document, chances are you do not really have a plan. 3. Assets, rent, and advisor knowledge would be some of the considerations in the “resources” step of the TRIM planning approach. 4. A plan is a written description of the future you envision for your business, including what you plan to do and how you plan to do it.. 5. The purpose of the feasibility study is to provide a short-term plan for launching your business. 6. The pitch deck is a presentation highlighting the essential elements in a feasibility study and business plan. 7. The pitch deck has replaced the formal business plan in most cases.