Kurt Meyer Wants to Sell a Model T Ford That

question 7

Multiple Choice

Kurt Meyer wants to sell a Model T Ford that he inherited from his grandfather.A preliminary investigation has shown many people would be interested in this type of automobile.He has taken out an advertisement in his local auto trade paper and provided customers with a toll-free number to make an appointment to drive the car.He has also read in the auto trade papers that similar cars to the one that he owns are selling for about $4,000.Before selling his Model T,what else should Meyer find out?

• A) whether the car can meet the demands of potential customers
• B) how to promote the car to generate significant visibility for the ad
• C) where the car should be located to secure optimum drive-up business
• D) how to price the car so that customers will seek out his vehicle

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Definitions:

Industry

Refers to the economic sector concerned with the production, processing, and distribution of goods and services.

Erik Erikson

A psychologist known for his theory on psychosocial development across the lifespan, identifying stages of growth from infancy to late adulthood.

Internalizing Behaviors

Behaviors by which emotional problems are turned inward; for example, anxiety or depression.

Externalizing Behaviors

Behaviors by which a child acts out emotional difficulties; for example, aggression or hostility.