Products that are designed to be similar to and compete with existing products of other firms are called
A. innovations.
B. generics.
C. imitations.
D. house brands.
E. adaptations.
Answer: C
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Burger Prince incurred the following costs during 2017 in the development and production of a new product: $ 50,000 in legal fees to obtain a patent $250,000 in the design, construction, and testing of a preproduction prototype and model $380,000 in engineering activity required to advance the design of the product to the point that it was ready for manufacture $ 70,000 in trouble-shooting in
connection with breakdowns during commercial production ? How much should be included in R&D expense for 2017? A) $300,000 B) $630,000 C) $680,000 D) $700,000
A general agent:
A. is an agent who does not possess the authority to contract on behalf of the principal. B. acts for the principal in a number of transactions over a period of time. C. is authorized by the principal to do a specific act. D. has a limited range of implied authority than a special agent.
Without permission, a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is A) piracy
B) a licensing agreement. C) indirect exporting. D) franchising.
A multiple regression model is assessed to be poor if the error sum of squares SSE and the standard error of estimate s? are both large, the coefficient of determination R2 is close to 0, and the value of the test statistic F is large
Indicate whether the statement is true or false