Even if a manager's estimate of a demand curve is not exact, there is usually a profitable range around the price that would maximize profit.
Answer the following statement true (T) or false (F)
True
Marginal analysis focuses on the price that earns the highest profit; but a slight miss doesn't mean failure, because demand estimates don't have to be exact. There is usually a range of profitable prices.
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Organizational dimensions, the outer layer of the diversity wheel, include all of the following except
A. management status. B. union affiliation. C. seniority. D. work location. E. ethnicity.
Jin Kwan comes from an Asian culture; why might he view high context messages as valuable?
A. High context messages are ambiguous and help both parties prevent embarrassment. B. High context messages cause one to lose face without being confronted directly. C. High context messages require partners to be active listeners. D. Jin Kwan wouldn’t value high context messages. Asians prefer low context messages.
Transportation charges paid to ship purchases are credited to Freight-In
Indicate whether the statement is true or false
What skills and competencies will marketers need to succeed in the future?
What will be an ideal response?