Explain the difference between the practices of forward buying and diverting
What will be an ideal response?
Forward buying is the practice of purchasing and warehousing a large volume of product offered through a case allowance, drawing on the warehoused product until the manufacturer offers another discount. Diverting is similar. It involves selling the warehoused product after the manufacturer's discount has expired at a price below the manufacturer's regular price but high enough for the selling company to make a profit.
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In a local university, 70% of the students live in the dormitories. A random sample of 75 students is selected for a particular study. The probability that the sample proportion (the proportion living in the dormitories) is at least 0.60 is
A. 0.0294. B. 0.9706. C. 0.0228. D. 0.9772.
Organizations which offer goods and services that they decide are good for the public are called
a. consumer oriented b. sales oriented c. product oriented d. promotion oriented e. marketing oriented
What are the four basic characteristics that determine how a firm is financed?
What will be an ideal response?
What attributes characterize the human orientation cultural dimension?
What will be an ideal response?