A retailer that buys from a rack jobber needs to have an employee who is a specialist in the products the rack jobber handles.
Answer the following statement true (T) or false (F)
False
Rack jobbers specialize in hard-to-handle assortments of products that a retailer doesn't want to manage; one might rely on a rack jobber to decide which product it sells.
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If the recognized losses resulting from involuntary conversions arising from casualty or theft exceed the recognized gains from such events (i.e., a net loss from the casualty), all of the involuntary conversions are treated as ordinary gains and losses.
Answer the following statement true (T) or false (F)
Monchen Labs is an company that prides itself for innovating cutting-edge technologies in the
radio-diagnostics equipment industry. The firm, as a policy, prices its newly-launched products nearly 50 -60% higher than what it would sell the same products for nearly a year after their launch. The firm justifies the high pricing as a means to recoup the rather prohibitive R&D costs involved in the development process. Which of the following pricing objectives does Monchen Labs follow in this case? A) survival pricing objective B) market skimming pricing objective C) market share maximization pricing objective D) product-quality leadership pricing objective
Which of the following correctly pairs the type of risk with its description?
a. contractual risks: the risk of monetary loss b. commercial risks: the risk of personnel leaving the project c. financial risks: the risk of market not accepting a product d. technical risks: the risk posed by new technologies
False advertising, conspiracy and abuse of dominant position are dual track offences under the Competition Act
Indicate whether the statement is true or false