The ________ measures the activity, or liquidity, of a firm's stock of goods.
A) average collection period
B) inventory turnover ratio
C) average payment period
D) total asset turnover ratio
B) inventory turnover ratio
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_____________ consists of productive and healthy disputes between individuals or groups.
a. Utilitarian conflict b. Functional conflict c. Practical conflict d. Dysfunctional conflict
Jerry purchased a laptop computer for his personal use from Computer City on an installment loan contract. The sales contract stated that in the event the contract is assigned to a third party, the purchaser (Jerry) promises he will not assert any claim or defense against the assignee which he might have against Computer City. Computer City immediately assigns the contract rights to Finance USA
The computer stops working within two weeks of the purchase. a. This is a valid waiver of defense clause. Jerry signed the contract, so he can't raise a defense to Finance USA. b. Finance USA is an intended third party beneficiary and may therefore enforce the contract. c. In general, this type of waiver is not permitted in consumer contracts, so Jerry can raise his claim against Finance USA. d. This is a delegation of Jerry's duties and the delegator remains liable on the contract unless a novation agreement is made.
A(n) ________ is an order that cannot be satisfied, resulting in the loss of a sale
Fill in the blanks with correct word
When studying consumer needs, a marketer should
A. realize that he or she cannot create needs, merely identify them. B. try to understand how the marketing mix can satisfy a set of needs, rather than only one. C. know that a product may be a want or a need depending on what the consumer has learned during his or her life. D. All these answers are correct.