Specialty goods are unique products that consumers are willing to make a special effort to obtain. True False
1. FALSE
Speciality gods have a special purpose and so, consumers do not
have to go out of their way to make special efforts to contain
them.
Specialty goods are unique products that consumers are willing to make a special effort to obtain....
The points along the demand curve represent the maximum price consumers are willing to pay for various quantities of a product. True False
The key characteristic distinguishing business products from consumer products is their intended use, not their physical form. True False Original equipment manufacturers or OEMs include all individuals and organizations that buy business goods and incorporate them into the products they produce for eventual sale to other producers or to consumers. True False The U.S. federal government buys goods and services valued at more than $875 billion per year, making it the world’s largest customer. True False
Suppose a central bank announced that it was going to make a serious effort to fight inflation. A few years later the inflation rate is lower, but there had been a serious recession. We could conclude with certainty that a. the rational expectations hypothesis is false. b. the rational expectations hypothesis is true. c. the policymakers lacked credibility. d. None of the above is certai
1) .........-include convenience products, shopping products, specialty products, and unsought products. C a.consumer products b. component products c. specialty services d. industrial products 2) To a producer of goods, greater number of channel levels means: less distance between producer and end consumer b. more creativity c. higher taxes d. less control e. multiple distribution systems . I 3)In the communications process, those to be communicated with are called the a, senders b. receivers c. none of these d. noise makers...
Special-Order Decision, Alternatives, Relevant Costs Sequoia Paper Products, Inc., manufactures boxed stationery for sale to specialty shops. Currently, the company is operating at 90 percent of capacity. A chain of drugstores has offered to buy 34,000 boxes of Sequoia’s blue-bordered thank-you notes as long as the box can be customized with the drugstore chain’s logo. While the normal selling price is $6.10 per box, the chain has offered just $3.40 per box. Sequoia can accommodate the special order without affecting...
Special-Order Decision, Alternatives, Relevant Costs Sequoia Paper Products, Inc., manufactures boxed stationery for sale to specialty shops. Currently, the company is operating at 85 percent of capacity. A chain of drugstores has offered to buy 32,000 boxes of Sequoia’s blue-bordered thank-you notes as long as the box can be customized with the drugstore chain’s logo. While the normal selling price is $5.90 per box, the chain has offered just $2.80 per box. Sequoia can accommodate the special order without affecting...
The decision to make "Special Pricing" decision is made under "Long-Run" planning period (True or False?)
Apply your critical thinking to each of the following issues. Make a special effort to recall situations you have observed that are related to the issue, and ask yourself, “What conclusion do these observations point to?” (If your observations have been too limited, solicit the observations of other people.) a. In recent years, books and articles have warned people of the dangers of “workaholism.” During the same period there have been few, if any, warnings about chronic laziness. Which is...
are the eco-promises that companies communicate about their products and services helpful example( consumers can make better decisions) worth the time and financial investment?
A make-to-stock strategy is used by manufacturers to make products to exact customer specifications in low volumes. A. True B. False