Compared to convenience products, shopping products are:
a. sold through aggressive personal selling and highly persuasive advertising.
b. usually more expensive and are found in fewer stores.
c. purchased without significant planning.
d. available everywhere, including department stores, gas stations, and vending machines.
ANSWER: b
Compared to convenience products, shopping products are usually more expensive and are found in fewer stores. Consumers usually buy a shopping product only after comparing several brands or stores.
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Eddie Industries issues $1,500,000 of 8% bonds at 105, the amount of cash received from the sale is
a. $1,425,000 b. $1,080,000 c. $1,000,000 d. $1,575,000
The following summary balance sheet account categories of Sun Company increased during 2013 by the amounts shown: Assets .....................$178,000 Liabilities ...........................$54,000 Capital Stock ............$120,000 Additional Paid-in Capital ....$12,000 The only change to retained earnings during 2013 was for $26,000 of dividends. What was Sun Company's net income for 2011?
a. $34,000 b. $26,000 c. $18,000 d. $8,000
Describe the significance of the Schedule of Specific Commitments. List the categories that a member can apply on sectors mentioned in its Schedule of Specific Commitments?
What will be an ideal response?
If managers are measured on short-term financial performance only, they may not introduce new products
Indicate whether the statement is true or false