John Stuart Mill's theory of reciprocal demand best applies when trading partners
a. are of equal size and importance in the market.
b. produce under increasing cost conditions.
c. partially specialize in the production of commodities.
d. have similar taste and preference levels.
a. are of equal size and importance in the market.
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Which of the following is true of debt securities?
A. ?The periodic payment on a debt security is known as dividend. B. A debt security specifies a particular maturity date. C. The original amount invested in a referred to as interest. D. The amount of payment on a debt security depends on the company's profits.
Retailers provide important functions that increase the value of the products and services they sell to consumers. Which of the following is not a value-creating activity performed by a retailer?
A. Breaking bulk B. Providing an assortment of services C. Providing an assortment of products D. Reducing production costs with innovative designs E. Holding inventory
Fewer stockouts and tailored assortments translate into
A. higher prices for retailers. B. higher costs. C. lower sales. D. lower employee productivity. E. higher inventory turnover.
One of the ways to communicate category membership is to rely on the product descriptor, like when Ford positioned its Freestyle automobile, which combined the attributes of an SUV, a mini-van, and a station wagon, as a "sports wagon."
Indicate whether the statement is true or false