Which term refers to prices that buyers carry in their minds and check with when they look at a given product?
A) product line prices
B) reference prices
C) location-based prices
D) product form prices
E) time-based prices
B
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Which of the following is NOT a way for managers to create and maintain power?
A) Doing favors for people B) Discouraging people from emulating managers C) Reinforcing the perceived dependency of others on managers for rewards, assistance, and protection D) Building reputations as experts
Josef has responded to product advertising that focuses on convenience, durability, and service. At which level of Maslow's need hierarchy is he most likely motivated?
a. Security b. Social c. Ego d. Self-actualization
Robin owns a dog. If there are no applicable statutes, what is her liability for damage if her dog digs up her neighbor's prize roses? Would it make any difference if the animal that destroys her neighbor's flower garden is the wild orangutan she owns?
Kona Espresso Machine Company makes many of its sales on account. For Year 2, its beginning balance in Accounts Receivable was $190,000. Sales on account for the year were $904,000, and the amount of cash collected from its accounts receivable was $829,900. During the year, uncollectible accounts of $10,100 were written off. What was the ending balance in Accounts Receivable?
What will be an ideal response?