Jackson runs a chain of small retail stores called Wandmin that sells bottled water, fresh juices, desserts, and some snacks. All outlets of Wandmin are either in the middle of or at the end of walking trails in Jackson's hilly hometown, where several tourists go hiking. In the context of marketing, which of following utilities does Wandmin most likely provide?
A. Form utility
B. Time utility
C. Place utility
D. Ownership utility
Answer: C
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A) total costs B) fixed costs C) variable costs D) opportunity costs E) target costs
If cash is received from customers in payment for services that have not yet been performed, the business would record the cash receipt as:
A. A credit to accounts payable. B. A credit to an unearned revenue account. C. A debit to an unearned revenue account. D. A credit to a prepaid expense account. E. A debit to a prepaid expense account.
What is the difference between the strategic and tactical components of an MPR plan?
What will be an ideal response?
Diversity provides several challenges for decision making. Which of the following are differences in culture that can affect this process?
A) Importance of rationality B) Time orientation C) Believe on individual problem solving D) All of the above