Which of the following is a major limitation to direct marketing for a retailer?
a. Startup costs are generally very high.
b. Pricing may be difficult to plan since catalogs need to be prepared well in advance.
c. It is difficult to pinpoint consumer segments through mailings.
d. Customer shopping is generally inconvenient.
b
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According to your text, international trade has little impact on jobs because
a. people prefer to buy domestically. b. governments control trade through tariffs. c. trade and unemployment typically move in unison. d. international trade tends to follow the principle of comparative advantage.
A sales forecast for a retail organization is based on purchases and cost of goods sold budgets
Indicate whether the statement is true or false
Which of the following is true about the review of an adjudicative proceeding by a federal court?
A) The court will review both the legal and factual findings of the agency, even if the findings are supported by substantial evidence in the record. B) The court will review the factual findings but not the legal findings, unless the legal findings are supported by substantial evidence in the record. C) The court will not review the factual findings as long as they are supported by substantial evidence in the record. D) The court will conduct its own hearing and will not concern itself with the agency's legal or factual findings.
For a maximization problem, assume that a constraint is binding. If the original amount of a resource is 4 lbs. and the range of feasibility (sensitivity range) for this constraint is from 3 lbs. to 6 lbs.,
increasing the amount of this resource by 1 lb. will result in the: A) same product mix, different total profit. B) different product mix, same total profit as before. C) same product mix, same total profit. D) different product mix, different total profit.