Of the following, which is a potential disadvantage of using a simulated test market?
A) It is not as accurate as full scale test markets.
B) The distribution network may or may not properly represent the firm's actual distribution system.
C) It is often very time consuming and expensive.
D) They allow competitors to acquire knowledge of the test.
E) all of the above
A
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Given free trade, small nations tend to benefit the most from trade since they
a. are more productive than their large trading partners. b. are less productive than their large trading partners. c. have demand preferences and income levels lower than their large trading partners. d. enjoy terms of trade lying near the opportunity costs of their large trading partners.
Human needs are shaped by culture and individual personality
Indicate whether the statement is true or false
The federal government is primarily responsible for the implementation of the Clear Water Act in all states
Indicate whether the statement is true or false
______ is based on the idea that because the future is unpredictable yet controllable and that entrepreneurs can affect the future.
a. Control b. Experimentation c. Effectuation d. Entrepreneurship