________ are usually higher-priced items, which are bought infrequently, and for which customers compare prices.
A. Seasonal goods
B. Shopping goods
C. Convenience goods
D. Fringe goods
Answer: B
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Upon the date of declaration of a dividend, the corporation has incurred a liability for the dividend
a. True b. False Indicate whether the statement is true or false
________ is a new process where a company takes a product or service that is widely marketed and offered in many different configurations and develops a system for customizing it to each customer's specification
A) Direct marketing B) Mass customization C) Niche marketing D) Differential marketing
Nick, a builder, contracts with the city of Chicago to build a new convention center. Jack, a hotel owner, stands to benefit once the convention center is built. Jack decides to sue Nick if Nick backs out of the contract. Which of the following statements is true of this scenario?
A. Jack can sue Nick because he is a donee beneficiary. B. Jack can sue Nick because Jack is a citizen of Chicago. C. Jack cannot sue Nick because he is a creditor beneficiary. D. Jack cannot sue Nick because he is an incidental beneficiary.
Under a team-based new product development approach, ________
A) a single departmental team works to complete different stages of the process before passing the new product along to the next department and stage B) the organizational tension and confusion is less than under the sequential approach C) company departments work closely together in cross-functional teams D) a bottleneck at one phase can seriously delay an entire project E) the new product passes from one department to another before finalizing