Some companies deemphasize price and use other marketing mix tools to create non-price positions in the marketplace

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TRUE

Business

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Jackson determines that his older brother’s use of the word “radical” that differs from his own understanding of the word stems from a more subjective, personal, and is contextual by nature. Jackson learns that his brother’s definition of the word “radical” applies most likely what type of meaning?

A. connotative B. denotative C. syntactic D. pragmatic

Business

Widgeon Co manufactures three products: Bales; Tales; and Wales. The selling prices are: $55; $78; and $32, respectively. The variable costs for each product are: $20; $50; and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 7 hours to process, Tales take 4 hours, and Wales take 1 hour. What is the contribution

margin per machine hour for Tales? A) $7 B) $5 C) $28 D) $35

Business

Ethnocentrism, which involves the belief that one's own race is superior to others, is a natural attitude inherent in all cultures

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Business

Reliability refers to the degree to which data measure what you intend to measure

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Business