When a retailer offers T-shirts in small, medium, large, and x-large, and in 25 colors, the competitive strategy they are using is
A) Flexibility
B) Volume flexibility
C) Variety
D) Postponement
E) Mass customization
C
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A credit memorandum for $420 (sales price of merchandise, $400; sales tax, $20) was issued to a customer for goods returned that had been purchased on account. To properly enter this transaction, Accounts Receivable would be credited for
a. $0; b. $20; c. $400; d. $420; e. none of these
The process whereby individuals decide whether, what, when, where, how, and from whom to purchase goods and services is _____
a. commercial search b. consumer behavior c. marketing research d. outshopping
Mark signs a periodic tenancy lease at the River's Edge Warehouse for one year. After the year expires, Mark stays in the warehouse and the landlord acquiesces. Mark
a. has a month-to-month periodic lease, which can be terminated by either party giving a 30-day notice. b. has a tenancy at sufferance which is not a true tenancy at all. c. has another one-year lease. d. must move out when the landlord finds another tenant.
You are given the following information obtained from a random sample of 4 observations. 25473256? You want to determine whether or not the mean of the population from which this sample was taken is significantly different from 48. (Assume the population is normally distributed.) a.State the null and the alternative hypotheses.b.Determine the test statistic.c.Determine the p-value; and at the 5% level of significance, test to determine whether or not the mean of the population is significantly different from 48.
What will be an ideal response?