Which of the following is true regarding the roles of marketers and consumers in improving the macro-marketing system?
A. The decisions that marketing managers make always increase the choices available to consumers.
B. Marketers and consumers should decide in advance what products will be produced so as not to waste scarce resources.
C. Marketing managers should not be expected to improve and extend the range of goods and services they make available.
D. Consumer-citizens have the responsibility to vote for laws that place constraints on businesses if those businesses harm the ecological system or make excessive demands on scarce resources.
E. None of these statements is true.
Answer: D
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a. constant. b. inelastic. c. elastic. d. unitary elastic.
Putting yourself in another's place and communicating respect and understanding is called
A) equality B) evaluation C) empathy D) neutrality
A waiting line model meeting the assumptions of M/M/1 has an arrival rate of 2 per hour and a service rate of 6 per hour. What is the utilization factor for the system?
A) 0.25 B) 0.33 C) 0.50 D) 0.67 E) 3.00
The internal rate of return method assumes that the cash flows generated by the project are immediately reinvested elsewhere at a rate of return that equals the company's cost of capital.
Answer the following statement true (T) or false (F)