Consumer vulnerability occurs when:
A. there are too many manufacturers in the market.
B. the consumer is treated as an end in itself.
C. a person has access to too much information about a product and the market exchange process.
D. a person has an impaired ability to make an informed consent to the market exchange.
Answer: D
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According to the Boston Consulting Group approach, ________ provides a measure of market attractiveness
A) product attribute B) product design C) market penetration D) market growth rate E) market segmentation
Which of the following is a mitigation strategy for market risk?
A. using multiple suppliers and suppliers that have the flexibility to respond to demand changes B. using approaches such as hedging, forward contracts, quantity discounts, or postponing decisions to counter volatility in market prices C. identifying and selecting suppliers to minimize disruptions in production D. choosing the right sourcing strategy upfront using reliable market intelligence
Use the scheme of location (J, C, or G) and excursion (S, P, H, L, Te or Tu) to represent the decision variables. What of these sets of constraints appropriately limits the number of excursions based on the scenario?
A) JS + JP + JH + JL + CS + CP + CH + CL + CTe + GS + GP + GH + GL + GTu ? 3 B) JS + JP + JH + JL = 1 CS + CP + CH + CL + CTe = 1 GS + GP + GH + GL + GTu = 1 C) JS + CS + GS ? 1 JP + CP + GP ? 1 JH + CH + GH ? 1 JL + CL + GL ? 1 D) JS + JP + JH + JL + CS + CP + CH + CL + CTe + GS + GP + GH + GL + GTu = 3
Multitasking leads to high-quality work.
a. True b. False