What different types of relationships can exist between buyers and sellers?

What will be an ideal response?


The four types of relationships between buyers and sellers are solo market transactions, functional relationships, relational partnerships, and strategic partnerships.

Business

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Vincent Cosmetics decides to launch a cream with a claim that it makes skin "nine times smoother." The claim is based on a study of 30 respondents who used products of other brands as well

However, a second study on a larger sample reveals only a mild correlation between the use of the cream and smoother skin. In these circumstances, which of the following is the most ethical approach that Vincent Cosmetics can follow? A) It should market the product as planned with the promotional line of "nine times smoother." B) It should modify the results of the study to depict a strong correlation. C) It should report the result as it is, or improve the product to match its claim. D) It can continue to claim a high correlation and add a tag line saying "results may vary." E) It should feature a testimonial from a satisfied user in an advertisement to support its claim.

Business

What is “grit” and why is it important in recruiting?

What will be an ideal response?

Business

Adjectives describe or limit ____

A) nouns and pronouns B) adverbs C) other adjectives D) ?prepositions

Business

Morrisey Company has two investment opportunities. Both investments cost $6800 and will provide the same total future cash inflows. The cash receipt schedule for each investment is given below: Investment I Investment IIPeriod 1 $1900?   $1900? Period 2  1900?    3080? Period 3  2900?    4260? Period 4  5440?    2900? Total $12,140?   $12,140? What is the net present value of Investment II assuming an 12% minimum rate of return? Use Appendix Table 1. (Do not round intermediate calculations. Round your answer to nearest whole dollar.)

A. $2227 B. $12,140 C. $9027 D. $(8732)

Business