Sebastian and Clere Franklin Bought a Tire Recapping Facility from a Man

question 51

Multiple Choice

Sebastian and Clere Franklin bought a tire recapping facility from a man who had decided to retire. They were going to convert the building to a studio for dance lessons-so they wanted to sell off the inventory of recapped tires and equipment for whatever they could get. The Franklins don't know any buyers who might be interested in these products. Which of the following types of wholesalers would be most helpful?

• A) Rack jobbers
• B) Brokers
• C) Specialty wholesalers
• D) Selling agents
• E) Manufacturers' agents

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Definitions:

Problem-Strategy

An approach or plan developed to solve a problem or overcome challenges.

Confirmation Bias

A tendency to search for information that supports our preconceptions and to ignore or distort contradictory evidence.

Framing Effect

The tendency of people to react differently to a particular choice or situation depending on how it is presented.

Heuristics

Mental shortcuts or "rules of thumb" that simplify decision-making processes, often used to make quick, efficient judgments.