Where can retailers obtain information about the nature of consumers in a trade area?
What will be an ideal response?
Two widely used sources of information about the nature of consumers in a trade area are (1) data published by the U.S. Census Bureau, based on the Decennial Census of the United States, and (2) data from geographic information systems, provided by several commercial firms.
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What are the three sources of a unique and valuable strategic position?
A. few needs, many customers; broad needs, few customers; broad needs, many customers B. low-cost products; huge market needs; unique products C. many needs, few customers; little need, many customers; narrow needs, few customers D. poor products available; few products available; no products available E. bad economy; strong economy; stable economy
There are general definition distinction categories that do seem to cut across many (though not all) national and local cultures. These include:
a. Color b. Sex c. Ethnicity d. Religion
The financial perspective of the balanced scorecard answers which of the following questions?
A. Can we continue to improve and create value? B. What must we excel at? C. How do customers see us? D. How do we look to shareholders?
The ________, passed by Congress in 1936, requires that organizations manufacturing or furnishing materials, supplies, articles, or equipment in excess of $10,000 to the federal government pay at least the minimum wage for the industry as determined by the secretary of labor.
A. Walsh-Healey Public Contracts Act B. Davis-Bacon Act C. Lilly Ledbetter Fair Pay Act D. Fair Labor Standards Act