Companies are price-takers when they have little or no control over the prices of their products or services.
Indicate whether the statement is true or false.
Answer: True.
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A small nation places a tariff of $1000.00 on automobiles. If 40 autos are imported, the government collects $40,000 in duties. This is a calculation of the
a. redistributive effect. b. protective effect. c. revenue effect. d. consumption effect.
The top rung of the loyalty ladder is the ________ rung
A) word of mouth/buzz B) repeat purchase C) satisfaction D) evangelism E) ownership
The present value of $40,000 to be received in one year, at 6% compounded annually, is (rounded to nearest dollar)
A) $37,736 B) $42,400 C) $40,000 D) $2,400
Which of the following is most useful for developing information that might lead to breakthrough products?
a. survey research b. focus groups c. conjoint studies d. customer visit programs e. concept tests