Which of the following is an advantage of having a high perceived quality?
A) It reduces the cost of sales.
B) It supports higher pricing of the products.
C) It hardly requires any expenditure toward promotion.
D) It reduces the dependency on intermediaries.
B
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Answer the following statements true (T) or false (F)
1.Germany has the absolute advantage in producing both steel and aluminum. 2.Germany has the comparative advantage in producing steel. 3.According to the trade model of David Ricardo, the direction of trade is determined by absolute advantage. 4.The gains from trade are closely related to the difference between the autarky price and the international terms of trade (international price). 5.Adam Smith and David Ricardo reasoned that in a world of two countries, at least one country will be worse off as the result of trade
When writing for a claim or adjustment, what should be included in the opening paragraph?
A) Specific explanations of the reason for the claim B) An offering of supporting documentation such as receipts C) A request for specific action D) A statement of the problem E) The remedy being sought
What is being a good manager about? What are some of the mistakes management can make?
What will be an ideal response?
A manager with a production orientation would
A. have production managers handle all marketing activities. B. get the production department to work closely with other departments. C. find out what product customers want to buy, and then produce that product. D. take production decisions guided by customers' needs. E. think of customers as existing to buy the firm's output.