Occupation segmentation and income segmentation are essentially the same thing.
Answer the following statement true (T) or false (F)
False
As a segmentation variable, occupation is very closely related to income, although the two are not perfectly correlated. That is, many traditionally blue-collar jobs may pay higher wages than white-collar positions depending in part on the strength of the union within the firm and industry.
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The fact that a buyer may have to pay for goods before inspecting them does not deprive the buyer of remedies against the seller if the goods do not conform to the contract.
Answer the following statement true (T) or false (F)
Companies can legitimately charge a higher price if ________
A) consumers perceive that the company's product offers greater value B) the demand for products manufactured by a firm is highly elastic C) the cost of advertising is minimal D) derived demand remains constant E) consumers de-emphasize quality
Which of the following is NOT a capital budgeting decision?
A) an airline updates its kiosks to allow passengers to self-check-in B) a convenience store decides whether to expand its operations in a new location C) a hospital decides whether to construct a new pediatric wing D) a retail company decides whether to mark down its old inventory
Have you ever been to Georgetown to visit your brother?
A) you; been B) you; have C) you; have been D) you; have ever been