Turkey Hunting EquipmentAround the beginning of fall each year, about 2.7 million turkey hunters all over the United States start looking at catalogs for the perfect item to guarantee that this year they will kill a wild turkey, the most elusive game bird on the North American continent. The devoted turkey stalker can stock up on everything from camouflaged turkey hunting socks, turkey license plate holders, vests with huge pockets for toting dead birds, and hunting videos to turkey decoys, turkey earrings, and turkey callers. Neil Cost is considered the best manufacturer of turkey callers in the world. It is his only product, and each is highly prized by turkey hunters. It is not unusual for a turkey hunter to pay $5,000 for one of Cost's callers.Refer to Turkey Hunting Equipment.
Segmenting a market based on the fact that people who enjoy hunting typically exhibit a particular lifestyle is an example of _____ segmentation.
A. benefit
B. psychographic
C. geographic
D. geodemographic
E. demographic
Answer: B
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The direct method of preparing a statement of cash flows
A) eliminates the need for a schedule of noncash investing and financing transactions. B) provides a different result than the indirect method. C) adjusts net income for changes in current accounts. D) shows cash receipts from sales.
Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $260,000, $350,000, and $400,000, respectively, for September, October, and November. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale, 20% in the month following the sale,
and the remainder in the following month. The cash collections in October from accounts receivable are: A) $232,400 B) $240,000 C) $210,000 D) $337,400
A major disadvantage of independent retailing is the _____
a. limitation in bargaining power b. latitude in selecting customer markets c. high investment requirements d. inflexibility in developing strategy
Reference groups to which one would like to belong are called ________ groups.
A. evoked B. alpha C. mnemonic D. heuristic E. aspirational