Daily Needs and Smart Saves are two large retailers in Canada. They compete with each other using similar marketing strategies. Which form of competition is seen between these two retailers?
A. Scrambled merchandising
B. Intrinsic competition
C. Indirect competition
D. Intertype competition
E. Intratype competition
Answer: E
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Which of the following is not a topic that requires special consideration by management during management's internal control assessment process and by the auditor during the audit of internal control?
A. Safeguarding assets. B. The role of the auditor in internal control. C. Multiple locations and business units. D. Service organizations.
One type of trust is ________-based trust, concerned with assuring consistent behavior, holds that individuals will do what they say because they are rewarded, or they fear the consequences.
Fill in the blank(s) with the appropriate word(s).
Insurance to cover costs associated with obsolete, stolen, deteriorated, or spoiled inventory falls under ______ costs.
A. ordering B. setup C. stock-out D. holding
Which of the following is not one of the growth strategies outlined in the text?
A. Market development strategy B. Diversification strategy C. Customer development strategy D. Product development strategy