Vending products to customers without the use of other channel members is:
A) database marketing
B) direct marketing or direct response marketing
C) indirect marketing
D) by-pass marketing
B
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Hall Company sells merchandise with a one-year warranty. In the current year, sales consisted of 4,500 units. Itis estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in the currentyear and 70% in the next year. In the current year's income statement, Hall should show warranty expense of
a. $45,000 b. $13,500 c. $31,500 d. $0
Referring to Figure 5.1, suppose the Mexican government imposes an import quota equal to 2 tons of steel. If the Mexican government auctions import licenses to the highest foreign bidder, the overall welfare loss of the quota to Mexico equals
a. $200. b. $400. c. $600. d. $800.
Theories of ethical thought include consequential theories, deontological theories, and humanist theories
Indicate whether the statement is true or false
Sales returns:
A. Represent cash discounts. B. Are not recorded under the perpetual inventory system until the end of each accounting period. C. Refer to reductions in the selling price of merchandise sold to customers. D. Refer to merchandise that customers return to the seller after the sale. E. Represent trade discounts.