Many large champagne sellers do their own importing and desire to maintain independent price points in different markets. Thus, a bottle of champagne might cost $45 in the United States while the same bottle might be only 20 euros (about $30) in France. It is often profitable to buy the wine in Europe, typically from an unauthorized distributor, and resell it in the United States. U.S. wine merchants who do so would be engaging in:
A. black marketing
B. channel malfeasance
C. countertrading
D. reverse channeling
E. gray marketing
Answer: E
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Observing people, listening to them objectively, and responding according to the situation helps avoid stereotyping people.
Answer the following statement true (T) or false (F)
In a related diversification growth opportunity,
A. the retailer's present target market and retail format share nothing in common with the new opportunity. B. the retailer's future target market and retail format share nothing in common with a missed opportunity. C. the retailer's present target market and retail format share something in common with the new opportunity. D. the retailer's past target market and retail format share nothing in common with a missed opportunity. E. the retailer's future target market and retail format share something in common with a missed opportunity.
______ are numbers summarizing a group of observations.
a. Claims b. Statistics c. Data d. Facts
You, in analyzing a stock, find that its expected return exceeds its required return. This suggests that you think
A. the stock should be sold. B. the stock is a good buy. C. management is probably not trying to maximize the price per share. D. dividends are not likely to be declared. E. the stock is experiencing supernormal growth.