Authority and ____ are synonymous terms.
A. power
B. responsibility
C. duty
D. delegation
E. accountability
Answer: A
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A market-based business looks at customers as ________
A) lifetime partners B) individual purchase transactions C) conquests D) short-term relationships E) extraneous variables
Consider Figure 6.3. With free trade, Iraq purchases ______________ computers at a price of $______________ and realizes $______________ of consumer surplus from the availability of computers.
a. 30, $3,000, $25,000
b. 30, $3,000, $35,000
c. 30, $3,000, $45,000
d. 30, $3,000, $55,000
Why is it important to explore the other party's point of view?
A. All of these are important reasons for understanding the other party's point of view. B. It makes the other party more receptive to meeting our needs. C. It further increases the other party's feeling of being listened to. D. It can lead us to designing solutions to meet both sides' needs.
Merchandising includes _____
a. all the steps in the buying and selling of products b. the purchasing of products but not the sale of them c. pricing and product assortment decisions only d. cooperative buying arrangements only