A consumer's consent to purchase a product is not informed if that consumer is:
A. unwilling to listen to the product details from the salesperson.
B. injured after using the product and filed a product liability suit.
C. being misled or deceived about the product.
D. asked to buy the product without a warranty.
Answer: C
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Which of the following is true regarding customer buying power?
A) When customer buying power is high, the cost of serving customers decreases. B) When customer buying power is high, the market attractiveness increases. C) When customers can easily switch from one supplier to another, the competition decreases. D) When the purchased product or service is of limited importance to the customer, supplier dependence is much higher. E) When customer buying power is high, they force increased competition.
Over the last few years, there has been a major increase in the number of "electronic freelancers"-individuals who work on a project for a company, usually via the Internet, and move on to other employment when the assignment is done.
Answer the following statement true (T) or false (F)
A process has four stages (A, B, C, and D). The stages have output rates of 5 units/hr, 12 units/hr, 10 units/hr, and 7 units/hr, respectively. Which stage is the process bottleneck?
a. A b. B c. C d. D
What is necessary for a prototype to be effective?
a. It must be a working model of the product or service. b. It must communicate what our ideas look like, behave like, and how they work. c. It must be the same as the model that will be launched at the start of the business. d. It must include engineering models or, for a service, an operational plan.