Abroad Standard, Inc. (ASI)Abroad Standard, Inc. (ASI), sells its products through the Internet. Erica is one of the biggest buyers of the company's products for her business. Nearly all of the interactions between Erica's company and ASI have been electronic, saving both time and energy. Although transaction costs are reasonable, ASI has encountered financial problems with high production costs. Ronald, a veteran employee of ASI, suggested to senior management that certain aspects of production may need to be handled by other, more efficient companies. Ronald also suggested that the company might want to create a physical store to possibly increase its visibility and potential profits. He explained many disadvantages of operating solely through the Internet. Refer to Abroad Standard,
Inc. Erica's interaction with ASI is an example of
A. B2B.
B. B2C.
C. business-to-supplier.
D. business-to-customer.
E. business-to-client.
Answer: A
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Barter Company borrows $20,000 for one year a 9% interest, but must maintain a $1,600 compensating balance. The effective rate of interest on this loan is
a. 9.0%. b. 17.0%. c. 9.8%. d. 8.0%.
A company sold equipment that originally cost $100,000 for $60,000 cash. The accumulated depreciation on the equipment was $40,000. The company should recognize a:
A. $0 gain or loss. B. $20,000 gain. C. $60,000 gain. D. $20,000 loss. E. $40,000 loss.
Buyer enters a paint store and tells the clerk that she needs paint that will cover and stick to a
stucco wall. The seller tells her that brand X paint will do the trick. Buyer purchases brand X paint and paints her stucco wall, but three weeks later the paint peels off. This would be a breach of which kind of warranty? A) An express warranty B) Implied warranty of fitness for a particular purpose C) Implied warranty of no infringements D) Implied warranty of merchantability
Define channel power, channel control, channel leadership, and channel partnering and explain how these four terms are related.
What will be an ideal response?