Give one example of how price discovery functions in the commodity futures market
What will be an ideal response?
Answer:
Lease rates, which are readily available in financial futures markets, are not given in commodity markets. Lease rates are implied and, therefore, calculable from listed futures prices.
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Abraham Maslow sought to explain why people are driven by particular needs at particular times. Describe Maslow's hierarchy of needs. How does Maslow's theory help marketers?
What will be an ideal response?
Excellent execution of an excellent strategy is
A. a solid indication that managers are maximizing profits and looking out for the best interests of shareholders. B. the best test of managerial excellence and the best recipe for making a company a standout performer. C. the best test of whether a company enjoys sustainable competitive advantage. D. the best evidence that managers have an emerging business model. E. the best test of whether a company is a true industry leader.
Top management often finds contribution-margin analysis to be much more useful than full-cost analysis.
Answer the following statement true (T) or false (F)
A sample of 10 U.S. families spent the following amounts (in dollars) on groceries during a one-week period: 31.36, 68.76, 12.25, 10.85, 24.89, 31.48, 49.52, 48.24, 30.04, and 25.63 . Find the median amount spent on groceries