Statutes are enacted by which branch of the government?
a. Executive branch
b. Judicial branch
c. Legislative branch
d. All of the above
c
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Although teenagers do not have the income of older consumers, they are still an attractive marked based on income. Why?
A) Because they have less money, they are more careful of how they spend it. B) Parents lead the teenagers into what they buy; hence any understanding of adult buying patterns can be useful for teenagers as well. C) Teenagers have more consumer confidence and are, therefore, more likely to be swayed by promotional material. D) Teenagers don't have the income of adults, but it's almost all discretionary, meaning that they can spend it as they see fit.
Which of the following is a limitation of the revenue-oriented pricing approach?
a. High tax rates b. Difficulty in determining costs c. High economies of scale d. Difficulty in communicating to consumers
For a construction project, ill-defined responsibilities are associated with the
A) team factor of the subcontractors category. B) site factor of the environment category. C) tactics factor of the subcontractors category. D) control factor of the project category.
Which of the following is not typically included in a major medical insurance policy?
A) Large deductible B) Participating provision C) Large number of exclusions D) High face amount