Which of the following are tangible goods that normally survive many uses?
A) generic goods
B) durable goods
C) core benefits
D) convenience goods
E) unsought goods
B
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A bushel of rice costs 500 yen in Japan and 100 pesos in Mexico. If someone could sell a bushel of rice in Japan for yen, take those yen and exchange them for pesos, then buy a bushel of rice in Mexico, the nominal exchange rate would be ____ and the real exchange rate would be ____.
A. 5 pesos per yen; 6 pesos per yen. B. 1 peso per yen; 4 pesos per yen. C. 1 peso per yen; 2 pesos per yen. D. 5 pesos per yen; 1 peso per yen.
The accounting for stock options is complex because firms often include
a. service, only. b. combinations of service and performance, only. c. combinations of service, performance, and market conditions, only. d. combinations of service, performance, and market conditions and firms can restructure their plans. e. none of the above.
When standard costs are used in applying the cost-plus approach to product pricing, the standards should be based upon ideal levels of performance
Indicate whether the statement is true or false
Scenario 1.2 Use the following to answer the questions. Paws and Claws Hotel is a full-service pet salon and boarding kennel. Paws and Claws has an interactive website where customers can directly book a grooming appointment, obedience class, or overnight accommodations for their dog or cat. Paws and Claws has several unexpected services, such as a 600-square-foot swimming pool, complete with slide and dog-friendly graduated steps to help them exit the pool. Customers can also drop their dog or cat off each morning for pet day care. Paws and Claws has a pick-up and delivery service, webcams in every kennel so that pet families can view their pets while away, and pet "furniture" so that the cats and dogs can lie on sofas just like at home. Paws and Claws is also open 24 hours a day, 365
days each year so that customers can pick up their pet at any time. The cost for an overnight stay at Paws and Claws averages $50, compared to competing kennels at about $30. The day care costs are $25 for either a dog or cat. The majority of Paws and Claws' competitors don't offer the day care service, and require a two-day minimum for overnight stays. Informal discussions with customers led to the addition of pet day care and 24-hour hours of operation. Previously, Paws and Claws was more interested in competing based on its prices. ?Refer to Scenario 1.2. If Paws and Claws employs the philosophy of building a relationship with its dog and cat customers, and their owners, it will be implementing the A. ?marketing concept. B. ?production concept. C. ?sales concept. D. ?marketing mix. E. ?marketing environment.