The FTC may consider an act unfair if it simply violates public policy
a. True
b. False
Indicate whether the statement is true or false
True
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The Ohio State studies identified the behaviors of consideration and initiating structure as ______.
A. cause and effect B. distinct and independent C. high value and low value D. interdependent
It is important for many firms to identify their heavy users because of the rule that 20 percent of heavy users account for ________ percent of the total demand.
Fill in the blank(s) with the appropriate word(s).
Material Safety Data Sheets
A. replace the Hazard Communication Standard under federal employee safety law. B. are safety data collection instruments that were ruled illegal by the U.S. Supreme Court. C. are a primary method of informing employees about health risks and handling instructions associated with chemicals and potentially hazardous substances. D. are sheets used by transportation workers such as truck drivers to reduce absenteeism.
Some retailers feel that their potential customers find certain prices appealing but that prices within certain ranges are seen as roughly the same, and thus price cuts within a given range will not increase the quantity sold (i.e., the demand curve is vertical within these "same price" ranges). These retailers would probably use ________ if they want to maximize profit.
A. prestige pricing B. bait pricing C. leader pricing D. psychological pricing E. average-cost pricing