A market-basket analysis is used to explore cross-selling opportunities
Indicate whether the statement is true or false
TRUE
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Which statement is false?
A) The general journal is still a necessity, even when special journals are used. B) If a cash payments journal is in use, postings are usually made only at the end of the month. C) All transactions involving the receipt of cash are recorded in the cash receipts journal. D) A purchase of a desk calculator for the office should not be recorded in the purchases journal.
Internal reference prices are formed from advertising, past purchasing experience, and so on, and are often called ________ because the customer considers them the actual prices of the products in a category
A) competitive prices B) perceived prices C) price points D) ceiling prices
A salesperson should avoid making personal relationships with clients.
Answer the following statement true (T) or false (F)
An undergraduate business student studies diligently in the library late in the term in anticipation of an outstanding performance on her final exams
She asks a friend to spy on her at random intervals to determine what percentage of time she is actually studying. Over the course of three days, her friend records the following observations: Observation Period Times Studying Times Not Studying Observations Monday 19 4 23 Tuesday 22 4 26 Wednesday 9 2 11 Based on this work sample, what percentage of time was the student actually studying?