Which of the following statements about economic needs is true?
A. Economic needs are unimportant to most consumers.
B. Economic needs are rarely considered during times of economic recession.
C. Economic needs refer to the buyer's need to behave in an economically rational manner and buy the lowest priced item available.
D. Economic needs refer to the buyer's need to purchase the most satisfying product for the money.
E. A product priced higher than the competition's is doomed to failure because it satisfies no economic need.
Answer: D
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a. laissez-faire b. authoritative c. democratic d. none of the above
Interim financial statements:
A. Are necessary to achieve full disclosure about a business's operations. B. Require the use of the perpetual method for inventories. C. Are required by the Congress. D. Are statements prepared for periods of less than one year. E. Cannot be prepared if the company follows the conservatism principle.
Two samples that are not experimentally related are called ________
A) independent samples B) dependent samples C) parallel samples D) exclusive samples E) non-experimental samples
Explain how wholesalers have been able to use technology to cut costs
What will be an ideal response?