Identify and explain the different components of a product's benefits and costs
What will be an ideal response?
The primary benefit of a product is functional, which is the purpose for which a customer is seeking a product. For example, the functional benefit of a cup of coffee is the satisfaction of thirst and the delivery of caffeine. Other psychological product benefits can come from the brand, such as a higher status associated with a higher-priced brand. Product costs go beyond the purchase price. A buyer also considers the cost of using, maintaining, and disposing of the product.
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As a general rule, revenues should not be recognized in the accounting records when earned, but rather when cash is received.
Answer the following statement true (T) or false (F)
The Foreign Sovereign Immunities Act (FSIA) strictly states that a foreign country is not immune to lawsuits in U.S. courts under any circumstances
Indicate whether the statement is true or false
What is the constraint for Bloomington?
What will be an ideal response?
Marlon and Peter who are alone in an office together, are having an argument during the
course of which Marlon says to Peter: "You are the lowest form of a thief". Marlon does not have any knowledge of Peter being a thief. Which of the following is TRUE? A) Marlon has not committed a tort B) Marlon has not committed a tort because words said in the heat of an argument are not actionable. C) If Peter sues Marlon for defamation, Marlon can successfully rely on the defence of absolute privilege. D) If Peter sues Marlon for defamation, Marlon can successfully rely on the defence of qualified privilege. E) Peter can sue Marlon for defamation because Marlon has made an untrue statement about him.