Which of the following statements is TRUE? In Ontario there is a cooling off period
A) for any consumer contract
B) of 10 days for a purchase of a new house
C) of 10 days for a fitness club membership
D) of 10 days for a pay day loan for $300
E) All of the above
C
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A company should try to retain a customer only as long as the cost to discourage defection is lower than the lost profit
Indicate whether the statement is true or false
The alternative evaluation stage clarifies the problem for the consumer by suggesting criteria to use for the purchase, yielding brand names that might meet the criteria, and ________.
A. evaluating particular products B. creating a hierarchy of needs C. selecting the type of retail outlet D. developing consumer value perceptions E. establishing a purchase timeline
Which if the following is not one of the dimensions of technological uncertainty?
a. Will there be side effects of the product and service? b. Will the new technology make ours obsolete? c. Will the delivery timetable be met? d. How fast will the innovation spread? e. Will the new product function as promised?
A company is planning to purchase a machine that will cost $24,000 with a six-year life and no salvage value. The company uses straight-line depreciation. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Sales $90,000 Costs: Manufacturing$52,000 Depreciation on machine 4,000 Selling and administrative expenses 30,000 (86,000) Income before taxes $4,000 Income tax (50%) (2,000) Net income $2,000
A. 8.3%. B. 33.3%. C. 16.7%. D. 4%. E. 50.0%.