Which of the following statements is true of a specialty product?
A. It is widely distributed in a geographic area so that sufficient quantities can be sold.
B. It is marketed using selective, status-conscious advertising to maintain its exclusive image.
C. It is easily substituted with products that have the same features.
D. It is unknown to a potential buyer or a known product that the buyer does not actively seek.
Answer: B
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Indicate whether the statement is true or false
Which of the following states has traditionally been considered attractive for incorporation?
A. New York B. Iowa C. California D. Delaware
Depreciation expense could be
a. a period cost. b. a product cost. c. a fixed cost. d. all of these.
A feature of the economic model of corporate social responsibility (CSR) is that it:
A. holds pursuit of profit as the sole duty of business. B. prevents shareholders from being at the center of a corporation. C. expects business to have a strict obligation to contribute to social causes. D. states that profit is independent of optimal allocation of resources.