In order to get into a customer's consideration set, a retailer should
A. limit the options for return and money-back guarantees.
B. encourage cross-shopping.
C. limit the information provided to customers on its website.
D. target its offerings toward satisfying hedonic needs.
E. develop programs to ensure that customers remember them.
Answer: E
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In 2015, Morton Co sold 100 hot air balloons at $4,000 each. The balloons carry a 5-year warranty for defects. Morton estimates that repair costs will average 4% of the total selling price. The estimated warranty liability at the beginning of the year was $42,000 . $11,000 in claims was actually incurred during the year to honor their warranty. What was the balance in the ending estimated
warranty liability at the end of the year? a. $47,000 b. $42,000 c. $37,000 d. $ 5,000
In Year 7, Nortel Manufacturing issued $100,000 semi-annual 12% bonds at par. Interest is payable on July 1 and January 1 . What entry is necessary at December 31, Year 9?
a. Interest Expense 6,000 Cash 6,000 b. Interest Expense 6,000 Bonds Payable 6,000 c. Interest Expense 6,000 Interest Payable 6,000 d. Interest Expense 12,000 Interest Payable 12,000 e. Cash 6,000 Interest Payable 6,000
Why should a code of ethics be put into writing regardless of the size of the business?:
a. It adds value to the share price b. It helps stakeholders know which behaviors are acceptable and which are not c. It satisfies the needs of the board d. It helps profits
An order to seize a debtor's property before a judgment is obtained is called a(n)
a. prejudgment. b. attachment. c. security agreement. d. lis pendens.