Which of the following is not true of reverse auctions?
A. Retailers participate to get quality private-label merchandise at low prices.
B. Reverse auctions are common among commodities and seasonal products.
C. The retailer chooses the lowest bidder regardless of other factors.
D. Retail buyers provide a group of potential vendors with a specification for what they want.
E. There is one buyer, the retailer, and many potential sellers, the manufacturing firms.
Answer: C
You might also like to view...
Upward mobility, a value that strongly influenced attitudes in America's first 200 years, emphasizes:
a. hard work. b. nonconformity. c. self-dealing. d. unconventionality.
Entrepreneurial Opportunities are defined as:
A. a feasibility assessment. B. situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost. C. the entrepreneur's mental processes in deciding whether or not to act on a potential opportunity. D. new market entry through entrepreneur action.
Jill Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 0.88. Stock Investment Beta A $50,000 0.50 B $50,000 0.80 C $50,000 1.00 D $50,000 1.20 Total $200,000 If Jill replaces Stock A with another stock, E, which has a beta of 1.45, what will the portfolio's new beta be? Do not round your intermediate calculations.
A. 1.39 B. 1.28 C. 0.83 D. 1.22 E. 1.11
After a minor reaches the legal age of majority, he or she may disaffirm an executed contract for a luxury made while a minor only if he or she
a. accurately represented his or her age when the item was purchased. b. acts within a reasonable length of time. c. disaffirms in writing. d. returns the luxury item in new or unused condition.