Which type of research attempts to develop new or improved products?
A. basic
B. synergistic
C. secondary
D. primary
E. applied
Answer: E
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What are the types of new products that a firm can introduce? What are the problems associated with introducing a truly innovative product? What are the necessary conditions to create a radically innovative product?
What will be an ideal response?
An externality exists if:
a. a producer of a good is unable to impose production costs on all users of the good. b. true market demand for a good is revealed in the market place. c. production of a good equals true market demand. d. the production of a good is regulated.
When you apply for a position but are rejected, employment experts recommend that you A) send a rejection letter saying you believe the employer has made a hiring decision error in not choosing you
B) phone the employer's personnel office to determine the reason why you were not selected. C) send a rejection follow-up message indicating you are disappointed but will contact the company again in a month in case a job opens up. D) do not apply at that company again for at least 12 months.
Which of the following statements is TRUE? Interest rates
A) cannot exceed 60% per annum under the Criminal Code B) can exceed 500% in some provinces for pay day loans C) must be stated as an annual rate or the lender can only charge 5% per annum D) must disclose all fees and administrative costs tied into the interest rate for consumer loans E) all of the above