Andrea needs to find a kennel for boarding her son's dogs. There are several different kennels in her community, and Andrea believes all of them to be basically alike. The only feature she is genuinely concerned about is low price. For Andrea, the kennel for boarding dogs would be classified as a(n) _____ product.
A. specialty
B. unsought
C. heterogeneous shopping
D. basic convenience
E. homogeneous shopping
Answer: E
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A lesson that can be learned from Anheuser-Busch's experience in Japan is that it is better to give control to a local partner via a licensing agreement rather than making a major investment
Indicate whether the statement is true or false
Despite doing some things in college of which he's now not proud, Bill has gone on to become a billionaire celebrity. Recently Bill received a phone call from his old fraternity brother Pat. It seems that Pat was cleaning out his attic and found some old photos of Bill in embarrassing situations. Pat tells Bill that unless Bill pays him $100,000, he's going to the tabloids with the photos. Pat has just committed ________.
A. no crime if the photographs are accurate B. extortion, but only if the photographs have been altered C. extortion, regardless of the truth or falsity of the photos D. bribery, but only if Bill pays the $100,000 cash
Cornell Products has the following information available for 2012: Direct materials $1.00 per unit Direct labor $2.00 per unit Variable manufacturing overhead $1.50 per unit Variable selling and administrative costs $ .50 per unit Fixed manufacturing overhead $30,000 Fixed selling and administrative costs $25,000 During 2012, Cornell produced 6,000 units out of which 5,400 units were sold for $20
each. Refer to the information provided for Cornell Products. What is the net operating income under absorption costing? A) $23,000 B) $29,000 C) $26,000 D) $35,000
Charles Inc has the following information available regarding one of the projects it is considering: Initial investment $50,000 PV of cash inflows 55,000 The profitability index of this project is:
A) 5,000. B) 0.9090. C) 1.10. D) 105,000.