Alice Is a Very Busy Person and She Hates to Spend

question 27

Multiple Choice

Alice is a very busy person and she hates to spend her time with yard work.She really likes the idea of a synthetic lawn.However,she has never pursued the idea as she has two dogs in her back yard.June does not know that several manufactures make synthetic grass that with an antibacterial agent to minimize odors for pet owners.For Alice,the dog friendly synthetic lawns are a(n) _____ product because she doesn't know the product exists.

• A) heterogeneous shopping
• B) specialty
• C) unsought
• D) convenience
• E) exclusive

Comprehend the various methods used to establish base pay and their implications.

Know the advantages and disadvantages of direct and indirect pay components.

Understand the importance of linking compensation with individual performance and organizational goals.

Recognize the role of benefits as part of the compensation package.

---

Definitions:

Double Marginalization

A phenomenon in vertical supply chains where each layer of production adds its own markup, leading to higher prices for end consumers.

Resulting Price

The price that emerges in the market as a consequence of supply and demand forces.

Arbitraging

The practice of buying and selling assets in different markets or forms to profit from price discrepancies.

Price Discriminate

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on various factors like willingness to pay, location, or purchase history.