Products that take longer for consumers to see the benefits of or that do not have a good infrastructure in place for support are called
A. high-learning products.
B. complex products.
C. slow-learning products.
D. low-learning products.
E. extended products.
Answer: A
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Accountants need not worry about calculations based upon the concept of the time value of money
a. True b. False Indicate whether the statement is true or false
If a company's cost of purchase index is 30 percent below the industry average, it means that ________
A) the company's shares are more expensive than other companies in the industry B) the consumers feel that they are required to pay less for the company's products or services when compared to other companies in the industry C) the consumers feel that they receive less real value from the goods and services they purchase from the company for the price they pay D) the company's goods and products are rated 30 percent lower in terms of quality than those offered by the other companies in the industry E) the company's market share is estimated to be 30 percent smaller than its largest rival company in the industry
Which of the following is a prepurchase service offered by retailers?
A) accepting orders over the telephone B) shipping the product C) delivery to the customer's doorstep D) general information E) interior decoration of the retail outlet
Which of the following is a cost of downtime in addition to lost revenue?
A. Legal expenses B. Loss in financial performance C. Damage to reputation D. All of these