A succinct description of the core target market to which a product is directed and a compelling picture of how the firm wants that core market to view the product is called a

A. marketing plan.
B. mission statement.
C. business plan.
D. positioning statement.
E. vision statement.


Answer: D

Business

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a. passive b. active c. informational d. empathetic

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What data do humans, interacting with computers, generate?

A. Static report B. Machine-to-machine (M2M) C. Human-generated D. Machine-generated

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The Federal Trade Commission has overall enforcement authority for the Equal Credit Opportunity Act

a. True b. False Indicate whether the statement is true or false

Business

Under activity based management, cost management is achieved by:

A. assigning indirect costs to products based on their activities. B. eliminating value-added activities. C. managing the underlying activities. D. reducing production volume.

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