Determining a target market is not a prerequisite to creating the retailing mix
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Determining a target market is a prerequisite to creating the retailing mix. For example, Target's merchandising approach for sporting goods is to match its product assortment to the demographics of the local store and region.
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A(n) ______ informative presentation occurs when you invite the audience to learn or discover information about a topic.
a. descriptive b. exploratory c. explanatory d. demonstrative
Under which of the following circumstances can the mistaken party rescind a contract when
there is a unilateral mistake? A) The mistake did not become known until after the formation of the contract B) The mistake has a material effect on the value of the contract C) The mistaken party first held the mistaken belief prior to entering into the contract D) The mistaken belief is one that a reasonable person would have E) The nonmistaken party was aware of the mistaken party's belief
Operations scheduling applies only to manufacturing, because services do not allow inventories
Indicate whether the statement is true or false
Which of the following is not a factor that has caused the decline in defined benefit plans in the U.S.?
A) Increasing mobility of the workforce B) Global competition causing employers to reduce expenses C) Reduced employer liability for pension plan results under a defined benefit plan D) Employee, and not the employer, bears the investment risk of a defined contribution plan