When FTA members add shared external tariffs to their agreement, they have formed a
A. trade conglomerate.
B. customs union.
C. duties agreement.
D. free trade association, such as NAFTA.
Answer: B
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Indicate whether the statement is true or false
Organizations are often instrumental in helping consumers to identify their own needs. Marketers refer to this need recognition as
A) consumer potential. B) customer demographics. C) customer psychographics. D) consumer satisfaction. E) consumer activism.
Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of 35,000 units of its sole product. Dotterel desires a profit equal to a 11.2% rate of return on invested assets of $350,000. Fixed factory overhead cost $105,000 Fixed selling and administrative costs 35,000 Variable direct materials cost per unit 4.34 Variable direct
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Rio-Werner Corporation owns Rio's Sandwiches, a fast-food restaurant in New Jersey. It wants to operate in five cities on the west coast by means of franchisees which make and sell all menu items from Rio's Sandwiches
Which of the following would best suit Rio-Werner Corporation's franchise plan? A) processing plant B) area C) distributorship D) chain-style