Homework Answers
Solution: Gray market
Explanation: Gray market goods bypass the authorized channels. The gray market is a market where the products are sold via distribution channels that are unofficial, unintended, and unauthorized by the real vendor of the goods.
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Question 1 (1 point) market is one in which a product distributor, who is approved to...
Question 11 (1 point) For a consumer products marketer who is selling to a reseller, which...
Question 11 (1 point) For a consumer products marketer who is selling to a reseller, which of the following statements regarding reseller needs is MOST LIKELY correct? Resellers rarely seek promotional support from a marketer since most resellers prefer to do their own promotion and not be restricted by what a product marketer may want in exchange for offering promotional support. Resellers are not very concerned about a product's package since they know they have little input in how it...
Question 7 (1 point The Rebuild-It-and-Seli-It Company acquires used manufacturing equipment from large companies then refurbishes...
Question 7 (1 point The Rebuild-It-and-Seli-It Company acquires used manufacturing equipment from large companies then refurbishes these and sells them to smaller firms. The company's operations have been limited to the U.S. but they are now expanding into South America with the help of a distributor that is familiar with the market. The distributor solicits orders from buyers and then places.the order with Rebuild-It-and- Sell-It who then ships the product directly to the buyer. This distribution option is BEST described...
Question 26 (1 point) Which of the following statements is NOT correct regarding wholesaling? Wholesalers help...
Question 26 (1 point) Which of the following statements is NOT correct regarding wholesaling? Wholesalers help smaller retailers by supplying products that the retailer may not be able to obtain on its own. A large chain store retailer, such as Target, is also categorized as a wholesaler. By selling to a single wholesaler a súpplier may be able to reach hundreds of small retailers. A distinguishing characteristic of wholesalers is they offer distribution activities for both a supplying party and...
Please answer broadly of the following 2 question: Question 1: One thousand lots of product, each...
Please answer broadly of the following 2 question: Question 1: One thousand lots of product, each consists of 20 items. Randomly take out 3 in a lot and reject the lot if nonconforming parts are found. At last, there are 850 lots out of the 1000 lots are accepted. Estimate the average quality level of these products. Question 2: When a company decides its purchasing policy, it has many choices, like multi-supplier or single supplier. Compare the two policies from...
Question 66 (1 point) The process of identifying those clusters of customers who share similar needs...
Question 66 (1 point) The process of identifying those clusters of customers who share similar needs and wants and will respond in a unique way to a given marketing effort is called Personal selling Customer focused selling O Market segmentation Listening to the customer Question 67 (1 point) The part of the product life cycle occurring immediately after the growth phase is: Decline Introduction Maturity Obsolescence Question 68 (1 point) What is not a "Four Ph of the Marketing Mix?...
Lindon Company is the exclusive distributor for an automotive product that sells for $58.00 per unit...
Lindon Company is the exclusive distributor for an automotive product that sells for $58.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $435,000 per year. The company plans to sell 30,000 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales...
Question 11 (1 point) Which of the following is correct regarding the market pricing method of...
Question 11 (1 point) Which of the following is correct regarding the market pricing method of price setting? A key consideration when doing market pricing is to determine what percent above cost the price will be. The market pricing method is often ineffective for new technology products where customers lack understanding of the product. Market pricing relies on evaluating what competitors are charging in the market in order to set price. Break-even pricing falls within the market pricing method.
Lindon Company is the exclusive distributor for an automotive product that sells for $40.00 per unit...
Lindon Company is the exclusive distributor for an automotive product that sells for $40.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $246,000 per year. The company plans to sell 23,700 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales...
41-Oman National Engineering & Investment Co. (S.A.O.G) is trying to create market for its product. Which one of the following to be incurred by the company in this situation? Monopolistic competitionOligopoly marketPerfect competitionMonopoly market Qu
41-Oman National Engineering & Investment Co. (S.A.O.G) is trying to create market for its product. Which one of the following to be incurred by the company in this situation? Monopolistic competitionOligopoly marketPerfect competitionMonopoly marketQuestion 42Choose the CORRECT statement in relation to income elasticity of demand: It is the rate of responsiveness of the quantity demanded to change in priceIt is the rate of responsiveness of the quantity demanded to change in incomeNone of the given options are correctIt is the...
Question 15(1 point) For parents who are caring for a child who is chronically ill, which...
Question 15(1 point) For parents who are caring for a child who is chronically ill, which of the following is NOT true? For a parent who is caring for a sick child, the caregiver role tends to compromise the parent's ability to function in other roles, including the role of parent to the other children in the family. The stress of a child's chronic illness does not alter the relationships parents have with the child who is ill or with...
Question 11 (1 point) For a consumer products marketer who is selling to a reseller, which of the following statements regarding reseller needs is MOST LIKELY correct? Resellers rarely seek promotional support from a marketer since most resellers prefer to do their own promotion and not be restricted by what a product marketer may want in exchange for offering promotional support. Resellers are not very concerned about a product's package since they know they have little input in how it...
Question 7 (1 point The Rebuild-It-and-Seli-It Company acquires used manufacturing equipment from large companies then refurbishes these and sells them to smaller firms. The company's operations have been limited to the U.S. but they are now expanding into South America with the help of a distributor that is familiar with the market. The distributor solicits orders from buyers and then places.the order with Rebuild-It-and- Sell-It who then ships the product directly to the buyer. This distribution option is BEST described...
Question 26 (1 point) Which of the following statements is NOT correct regarding wholesaling? Wholesalers help smaller retailers by supplying products that the retailer may not be able to obtain on its own. A large chain store retailer, such as Target, is also categorized as a wholesaler. By selling to a single wholesaler a súpplier may be able to reach hundreds of small retailers. A distinguishing characteristic of wholesalers is they offer distribution activities for both a supplying party and...
Question 66 (1 point) The process of identifying those clusters of customers who share similar needs and wants and will respond in a unique way to a given marketing effort is called Personal selling Customer focused selling O Market segmentation Listening to the customer Question 67 (1 point) The part of the product life cycle occurring immediately after the growth phase is: Decline Introduction Maturity Obsolescence Question 68 (1 point) What is not a "Four Ph of the Marketing Mix?...
Lindon Company is the exclusive distributor for an automotive product that sells for $58.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $435,000 per year. The company plans to sell 30,000 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales...
Question 11 (1 point) Which of the following is correct regarding the market pricing method of price setting? A key consideration when doing market pricing is to determine what percent above cost the price will be. The market pricing method is often ineffective for new technology products where customers lack understanding of the product. Market pricing relies on evaluating what competitors are charging in the market in order to set price. Break-even pricing falls within the market pricing method.
Lindon Company is the exclusive distributor for an automotive product that sells for $40.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $246,000 per year. The company plans to sell 23,700 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales...
Question 15(1 point) For parents who are caring for a child who is chronically ill, which of the following is NOT true? For a parent who is caring for a sick child, the caregiver role tends to compromise the parent's ability to function in other roles, including the role of parent to the other children in the family. The stress of a child's chronic illness does not alter the relationships parents have with the child who is ill or with...
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