The effectiveness of product strategies depends on the managers who carry them out

Indicate whether the statement is true or false


TRUE

Business

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Making gifts of money, goods, or time to help nonprofit organizations, groups, or individuals is known as corporate philanthropy

Indicate whether the statement is true or false

Business

How does the problem recognition stage of the business buying decision process differ for straight rebuys and new-task buys?

What will be an ideal response?

Business

John won the lottery on Monday and can take either $50,000 per year for 20 years, or $500,000 today. Bill won

the same lottery on Tuesday and has the same options for receiving the cash. A well respected financial advisor is hired by both John and Bill. The advisor recommends that John take the $50,000 per year for 20 years but advises Bill to take the $500,000 up front payment. How is it possible to give different advice to two clients regarding the exact same cash flows?

Business

In a survey for her marketing class, Allicia interviewed 80 randomly selected men and asked them their opinions of women with tans. Her initial results showed that the men overwhelmingly believed tans were a health risk. When she conducted the same survey again using the same methodology, she discovered that 50 percent of the surveyed population in the second group found women with tans sexy. This is most likely an example of a _____ error.

A. representational B. random C. nonprobability D. frame E. reliability

Business