Ped-Tastic is a small manufacturer of shoes designed to provide superior levels of comfort. The company is trying to decide on an intermediary to help get the shoes to retailers. Management is hoping to find someone to represent the company in negotiating with retailers. Management wants to retain control over the pricing and promotion of the shoes to retailers, and wants the intermediary to exclusively sell Ped-Tastic shoes and nothing else. Ped-Tastic should most likely be looking for a
A. broker.
B. manufacturer's agent.
C. selling agent.
D. sales office.
E. drop shipper.
Answer: D
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According to the factor-endowment theory, which factor is the ultimate determinant of comparative advantage?
a. productivities of labor inputs b. tastes and preferences among nations c. changes in technologies over time d. relative differences in resources
Choose the statement that defenders of the circular flow model, which explains the nature of economic transactions in terms of a flow of resources from businesses to households, would agree with.
A. The possibility that the economy can grow indefinitely to keep up with significant population growth is ignored by this model. B. The services that resources yield can be provided in many ways by substituting different factors of production and are, therefore, infinite. C. Many resources like clean air, drinkable water, fertile soil, and food, under the circular flow model, cannot be replaced by the remaining factors of production. D. If resources are moved through the classical model of a productive system at a rate that outpaces the productive capacity of the earth or the earth's capacity to absorb wastes and by-products of the system, the entire classical model will prove unstable.
Bond issue costs have the effect of
A) decreasing a bond discount. B) increasing a bond premium. C) decreasing the effective interest rate. D) decreasing a bond premium.
Alicia has developed a standard resume for her job search for a technical writing position. Which of the following would be the MOST useful additional tool for communicating her qualifications?
a. An e-portfolio b. A college transcript c. A video recording d. A personal brochure