Myra wanted to purchase a vase as a wedding gift. Pier 1 Imports offers a better assortment and slightly lower prices, but she immediately went to her local gift shop instead of Pier 1 Imports. This is an example of

A. direct competition.
B. retail perception.
C. customer loyalty.
D. a SWOT analysis.
E. strategic control.


Answer: C

Business

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The process of _____ enables organizations to plan and carefully design their global sites to cater to local needs and preferences.

A. globalization B. localization C. socialization D. glocalization

Business

If investors are risk averse and hold only one stock, we can conclude that the required rate of return on a stock whose standard deviation is 0.21 will be greater than the required return on a stock whose standard deviation is 0.10. However, if stocks are held in portfolios, it is possible that the required return could be higher on the stock with the low standard deviation.

Answer the following statement true (T) or false (F)

Business

In Bush v. Gore (2000), the U.S. Supreme Court found that the recount process violated the Equal ProtectionClause when different criteria were used for determiningif a vote counted

a. True b. False

Business

Kingston Manufacturing has 27,000 labor hours available for producing X and Y. Consider the following information: ??????? Product X Product YRequired labor time per unit (hours) 2   3 Maximum demand (units) 6,000   8,000 Contribution margin per unit$5  $6 Contribution margin per labor hour$2.50  $2 If Kingston follows proper managerial accounting practices, how many units of Product Y should it produce?

A. 6,000. B. 5,000. C. 1,500. D. 4,500. E. 8,000.

Business