Physical Positioning Helps in All of the Following Ways Except

question 17

Multiple Choice

Physical positioning helps in all of the following ways except:

• A)It enables buyers to evaluate industrial goods and services on the basis of what it does rather than on what it is.
• B)It contributes to a better marketing-research and R&D interface by determining key physical product characteristics.
• C)It helps define the structure of competition by revealing the degree of competitiveness between various brands.
• D)It may indicate the presence of meaningful product gaps and thus reveal opportunities for a new product entry.

Understand the legal obligations of employers regarding age discrimination.

Identify exceptions to mandatory retirement age and understand their legal basis.

Recognize the role and responsibilities of the Equal Employment Opportunity Commission (EEOC) in administering the Age Discrimination in Employment Act (ADEA).

Understand the concept of bona fide occupational qualifications (BFOQ) and how it applies to age discrimination.

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Definitions:

Profit

The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Average Total Cost

The complete expense of manufacturing (encompassing both fixed and variable expenditures) divided by the overall amount of goods produced.

Output

The quantity of goods or services produced by a firm, industry, or economy within a certain period.

Per-Unit Cost

The cost associated with producing one unit of a product, calculated by dividing total production costs by the number of units produced.