All of the following are convenience products EXCEPT:
a. milk
b. tax preparation service
c. gasoline
d. ATM machines
e. magazines
b. tax preparation service
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Cash and all other current assets that can be converted into cash quickly are known as ____________________
Fill in the blank(s) with correct word
Saks Fifth Avenue has ________ stores in the Middle East
A) licensed B) organic C) franchise D) joint venture E) own-label focus
A company attempting to be successful with a broad differentiation strategy has to
A. incorporate more differentiating features into its product/service than rivals. B. concentrate on offering advanced features, whether or not they have value to the customers, to create unique products. C. over-differentiate so that product quality, features, or service levels exceed the needs of most buyers. D. study buyer needs and behavior carefully to learn what buyers consider important, what they think has value, and what they are willing to pay for. E. concentrate its differentiating efforts on marketing and advertising (where almost all differentiating features are created).
A firm has a degree of financial leverage of 1.20 . If earnings before interest and tax increase by 20%, then net income:
a. will not necessarily change. b. will increase by 20%. c. will decrease by 24%. d. will decrease by 20%. e. None of the answers are correct.