The three classifications of consumer goods are:
a. convenience, shopping, and industrial
b. industrial, specialty, and shopping
c. shopping, convenience, and specialty
d. shopping, component, and specialty
e. convenience, component, and convincing
c. shopping, convenience, and specialty
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The assumption made by social exchange theory that people want to make the most benefits while minimizing costs is known as the ______.
A. minimax principle B. dispositional factor C. covariation model D. comparison level
The retailer most likely to have a flat organization is a _____
a. small independent retailer b. chain retailer c. department store d. diversified retailer
In order to fertilize his vegetable farm, John, a farmer, needs to choose from two fertilizers: Nitro Plus and Phosphate Max. Each bag of Nitro Plus costs $7 and contains 8 pounds of nitrogen and 6 pounds of phosphate. Each bag of Phosphate Max costs $9 and contains 4 pounds of nitrogen and 8 pounds of phosphate. John’s vegetable farm requires at least 32 pounds of nitrogen and 48 pounds of phosphate. (Assume fractions of a bag are allowed). At the optimal solution, what is the cost of Phosphate Max used by John?
a. $32.85 b. $43.20 c. $37.65 d. $26.45
The National Labor Relations Board (NLRB) is a quasi-judicial agency.
Answer the following statement true (T) or false (F)