Which of the following is the biggest problem with simulated test markets?
A. They can be used only in the commercialization stage and not in the product development stage.
B. They cannot be computer-generated.
C. They do not always reflect actual buying behavior.
D. They make it easy for competitors to "steal" one's ideas.
Answer: C
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The physical distribution concept is based on the idea that selecting the lowest-cost transporting alternative and the lowest-cost storing alternative will result in the lowest total distribution cost.
Answer the following statement true (T) or false (F)
Billy is the star of his school’s football team. He will not go out onto the field without his lucky sweatbands. He thinks that he cannot run as fast without them. Billy’s decision to play the game is based on which error?
a. Framing b. Uncertainty c. Randomness d. Lack of participation error
A defective acceptance does not create a contract, but does constitute a new offer
a. True b. False Indicate whether the statement is true or false
In __________, employees are paid according to the number of units they produce.
A. hourly work B. piecework C. commission D. production work