Which of the Following Is the Best Example of the Marketing

question 319

Multiple Choice

Which of the following is the best example of the marketing concept in action?

• A) A product manager tells her sales force "the inventory in the warehouse must be sold if we are to make a profit, so redouble your sales efforts."
• B) A manufacturer of industrial chemicals adapts its formulas and goes after the big consumer cleaning market.
• C) A cleaning supplies firm learns that many consumers are having trouble hiring maids-so it develops a plan to offer customers complete house cleaning services.
• D) An Internet retailer finds that shoppers are abandoning their shopping carts before checking out, so it promotes its $10 discount on each customer's first purchase.
• E) A student group wants to hold an awards banquet, so it buys Krispy Kreme donuts and sells them to friends who want to help the club achieve its objectives.

Understand the implications of minimum wage laws on employment and the labor market.

Evaluate global changes in income inequality, considering the Gini coefficient as a tool for measurement.

Identify key drivers of global income inequality, according to the International Monetary Fund.

Recognize the distribution of wealth among different percentiles of wealth holders in 2013 in the United States.

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Definitions:

Community Property

A form of ownership between married couples in some states, where assets acquired during the marriage are considered jointly owned.

Separate Property

Property that a spouse owned before the marriage plus inheritances and gifts acquired by the spouse during the marriage.

No-Fault Divorce

A divorce in which neither party is deemed to be at fault for the breakdown of the marriage.

Living Separately

A situation in which a couple lives in different places, often as a step in the separation or divorce process.