With the help of an example, explain why a company's competition may not be from companies in the same category
What will be an ideal response?
Student answers will vary. Category membership includes the products or sets of products with which a brand competes and which function as close substitutes.
After having spent billions of dollars building their networks, cell phone carriers AT&T, Verizon Wireless, and Sprint face the threat of new competition emerging as a result of a number of changes in the marketplace: Skype and the growth of Wi-Fi hotspots, municipal Wi-Fi networks built by cities, and dual mode phones that can easily switch networks.
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The alternate term for a credit card draft is an invoice
a. True b. False Indicate whether the statement is true or false
Which of the following best defines the terms TRY CATCH?
A) Values passed to the procedure by the user B) Values declared in the body of the procedure C) A structure used for error trapping D) None of the above
Melody's Crafts 'N Things ? Andrea works for a retail shop called Melody's Crafts 'N Things. Andrea was often quite rude to customers when they annoyed her. One morning, her supervisor asked Andrea into her office and informed her that her behavior was unacceptable. To be rude to one customer could cause several customers not to come back. Andrea's supervisor told her that retaining a customer is much cheaper than trying to get a new one. After their constructive discussion, Andrea's boss told her that she wanted her to go out on the floor that day and attempt to be more helpful to customers. ? Over the next few months, Andrea began to help customers learn more about the different products in the store and often explained why the customer might want to purchase one product over
another. In doing so, she realized the importance of her role in the retail shop and began to truly enjoy her job. She started to think about the future of the company. She even thought that the company could do very well if it were to sell its products on eBay. When she brought this idea to her boss, her boss thought it was excellent, and asked Andrea to look further into the pros and cons of her idea. ? After evaluating Andrea's research, her boss decided to move forward with the idea, asking Andrea to head up this new venture for the company. Andrea then realized that retail is not just about making the sale; the customer should be the focus of all operations. Andrea now looks up to her boss, and is very glad that she was there to mentor her. Refer to Melody's Crafts 'N Things. Melody's purchased its Thanksgiving products in June. However, in October, when the store finally displays the Thanksgiving products, which form of utility is being provided? A. Possession B. Place C. Market D. Time E. Form
A highly inflationary economy is defined as:
A. Any country designated as a company operating in a third-world economy. B. Cumulative 5-year inflation in excess of 90%. C. Cumulative 5-year inflation in excess of 100%. D. Cumulative 3-year inflation in excess of 90%. E. Cumulative 3-year inflation in excess of 100%.