List three ways in which electronic marketplaces have changed the processes used in trading and supply chains
What will be an ideal response?
Changes resulting from electronic marketplaces include greater information richness of the transactional and relational environment, lower information search costs for buyers, diminished information asymmetry between sellers and buyers, less time between purchase and possession of physical products purchased in the e-marketplace, greater temporal proximity between time of purchase and time of possession of digital products purchased in the e-marketplace, the ability of buyers and sellers to be in different locations, and the ability for EC to leverage capabilities with increased effectiveness and lower transaction and distribution costs.
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Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This YearLast YearUnits Sold 250,000 200,000Sales$1,250,000 $1,000,000Cost of goods sold 875,000 700,000Gross margin 375,000 300,000Selling and administrative expenses 222,000 210,000Net operating income$153,000 $90,000What is the company's contribution margin for this year? (Round your intermediate calculations to 2 decimal places.)
A. $213,000 B. $315,000 C. $(667,500) D. $375,000
A ________ specialist contributes expertise in the form of product demonstrations and trials, and by offering recommendations for complex equipment.
Fill in the blank(s) with the appropriate word(s).
The meta-analysis of Fiedler’s Contingency Theory of Leadership found that for field studies there was
a. support for his model for only one out of the eight rows b. support for only half of the rows in his model c. support for seven out of the eight rows in his model d. no support for any of the rows in his model
Ordinarily, an agent may delegate his duties to an equally qualified subagent
a. True b. False Indicate whether the statement is true or false