Steven Fork purchased 375 shares of Grant Corporation common stock at $19.75 per share. Three months later he sold the shares at $28.80. His stockbroker charges 3% commission on round lots and 4% on odd lots. What was the amount of gain on this transaction?
$2,811.15
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Which of the following statements about sales puffery is true?
A. Puffery typically occurs when a salesperson deliberately makes erroneous statements. B. The difference between sales puffery and statements of fact is easy to distinguish. C. Generally, the less knowledgeable the customer, the greater the chances the court will interpret a statement as actionable. D. A salesperson's statements of puffery should be taken at face value and considered factual. E. Misrepresentation cases are judged on the use of standardized words and phrases.
Which of the following is an informal research method?
A) Searching the Web B) Looking in the company files for information C) Conducting a scientific experiment to gather information under controlled circumstances D) Searching for information in public and college libraries
Any marketing tactic used to stimulate wholesalers and retailers to carry a producer's products and market those products more aggressively is a
A. trade sales promotion method. B. point-of-purchase material. C. consumer sales promotion method. D. merchandise allowance. E. dealer loader.
Which of the following is a disadvantage of quantitative research (compared to qualitative research)?
A. It is harder to get in-depth answers. B. The conclusions are likely to vary more from analyst to analyst. C. It is not as fast for respondents. D. The results are harder to summarize. E. None of these is a disadvantage of quantitative research.