The phase of new-product development in which a small sample of potential buyers are presented with a product idea through a written or oral description in order to determine their attitudes and initial buying intentions regarding the product is called
A. concept testing.
B. customer response testing.
C. idea analysis.
D. test marketing.
E. screening.
Answer: A
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Which is true regarding the tort of trespass to land?
A) So long as a person stays away from the portions of land that the owner is currently using, there can be no trespass to land. B) A person cannot be liable for trespass to land if that person was not told, either directly by the owner or by means of a sign, to stay off the property. C) So long as a person originally entered the land of another with the permission of the owner, there can be no trespass to land if the nonowner stays beyond the period of permission granted by the owner. D) A person who enters another's land without permission is liable to the landowner even if the landowner was not using the land at the time and there was no damage to the land.
Chicken & Egg Farms promises to pay Dex $500 to install a sump pump in its warehouse. Dex com¬pletes the installation. The act of installing the pump
a. imposes a moral obligation on Chicken & Egg to pay Dex. b. imposes no obligation on Chicken & Egg unless it is satisfied with the job. c. is not sufficient consideration because it is not goods or money. d. is the consideration that creates Chicken & Egg's obligation to pay Dex.
Indirect materials are recorded directly on the job cost sheet.
Answer the following statement true (T) or false (F)
The rate of return that equates the present value of cash inflows and outflows is the:
A. hurdle rate. B. desired rate of return. C. minimum rate of return. D. internal rate of return.