Pacific Bicycle, Inc., is the major distributor of bikes in the state of California. Pacific's closest competitor is Golden State Bike Company, another California firm. They agree that Golden State will distribute bikes in northern California and Pacific will distribute bikes in southern California. This is
A. a group boycott.
B. a market division.
C. a price-fixing agreement.
D. a tying arrangement.
Answer: B
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Harrti Corporation has budgeted for the following sales: July$446,800?August$581,800?September$615,900?October$890,900?November$739,000?December$699,000?Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. In Razz's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
A. $850,800 B. $699,000 C. $629,100 D. $221,700
The assembly time for a product is uniformly distributed between 2to 10 minutes. The probability of assembling the product in 4minutes or more is
A. 0.25. B. 0.75. C. 0. D. 1.
Relatively habitual routine consumer behavior
a. is best predicted from past behavior b. occurs with relatively cognitive evaluation c. is low involvement behavior d. is aligned with incidental learning theory e. all of the above
________ is the promotional function that deals with problems involving local governments, media, trade associations, and the people of the community.
A. Personal selling B. Public relations C. Sales promotion D. Advertising E. Marketing