The elimination of intermediaries such as wholesalers or distributors from a marketing channel is referred to as:
A. disintermediation
B. disassociation
C. unencumberance
D. demarketing
E. selective retention
Answer: A
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If a company sells products in export markets at prices that are below fair market value and that can harm producers in the export market that company may be accused of:
A) market skimming. B) using offsets. C) pursuing artificially high margins. D) dumping. E) gray marketing.
Which of the following is true of a gift causa mortis?
A) It cannot be revoked before the death of the donor. B) It does not require the actual death of the donor. C) It represents an irrevocable present transfer of ownership. D) It takes precedence over a prior conflicting will.
Elmo, a minor, misrepresents his age to be twenty-one and contracts to buy a car from Fine New Autos. Ordinarily, Elmo can disaffirm the contract
A. only if he can prove that Fine New Autos did not know his true age. B. only if he can prove that Fine New Autos knew his true age. C. under any circumstances. D. under no circumstances.
Satellite CommunicationsSteven worked for Satellite Communications for twenty years. In the time that he worked there, he learned a lot about the company and how it operated. The company met its sales and revenue goals every year. However, most of the employees had similar educational and cultural backgrounds. He believed that the company could do much better if it cultivated an environment that promoted many different ideas. Additionally, Satellite Communications was mostly focused on how much revenue it earned in a given year. Steven felt that the most important goal should be to satisfy customers. He believed financial success would result from focusing on customers.After a lot of consideration, Steven decided to open his own business called Universal Communications and hire employees
that reflected a more diverse customer base. He was happy to have this opportunity because it was a dream that he had always had. He had always wanted to make his own decisions about what his company would produce and how. The only aspect of the business he was unsure of was pricing, yet he knew this would be important for his ultimate success. ? Refer to Satellite Communications. Steven is operating in a ____ because he has the opportunity to decide what and how to do things. A. command economy B. mixed environment C. market economy D. split economy E. micro-economy