IBM and Kellogg Are Brands That Are Owned and Managed

question 129

Multiple Choice

IBM and Kellogg are brands that are owned and managed by the manufacturers themselves.They are examples of:

• A)national brands.
• B)generic brands.
• C)private-label brands.
• D)home brands.
• E)public brands.

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Definitions:

Scientific Method

A systematic approach to research and inquiry where problems are identified, hypotheses formulated, experiments conducted, and conclusions drawn.

Controlled Laboratory Experiments

are research studies conducted in a highly regulated environment where variables are manipulated to observe their effects on outcomes.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Predictable

Able to be foreseen or declared in advance; capable of being predicted.