"Place" is NOT concerned with ...
A. kinds of intermediaries needed to reach customers.
B. channels of distribution.
C. telling the target market what products are available and where.
D. when and where products are wanted.
E. who handles storing and transporting.
Answer: C
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A bank offers credit cards with a 25 percent interest rate, when its competitors' cards have just a 15 percent interest rate. Despite the high rate, the bank finds itself losing money because many of its customers fail to repay the balances on their cards. The bank's losses are most likely to have occurred because of
A. bad management. B. the lock-in effect. C. redlining. D. adverse selection.
Suppose you saw a set of quoted prices from a U.S. bank and a French bank such that you could borrow dollars, sell the dollars in the spot foreign exchange market for euros, deposit the euros for 90 days, and make a forward contract to sell euros for
dollars and make a guaranteed profit. Would this be an arbitrage opportunity? Why or why not?
Washington Corp. held 1,500 of Vashon Company common stock with a cost of $74,387. These shares were classified as a Long-Term available-for-sale investment. It sold the shares on December 13 for $55,275. Prepare the journal entry to record Washington's sale.
What will be an ideal response?
Companies recognize revenue when goods or services are transferred to customers for the amount the company expects to be entitled to receive in exchange for those goods or services.
Answer the following statement true (T) or false (F)