A firm adopting an exclusive distribution strategy to sell its products would most likely do so
through a(n) ________.
A) supermarket B) company-owned outlet
C) convenience store D) luxury-oriented retailer
B
Business
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If a supplier ships goods f.o.b. destination, title passes to the buyer when the supplier delivers the goods to the common carrier.
a. true b. false
Business
Which one of the following illustrates an inelastic demand?
a) A price elasticity of demand equal to 1.0. b) A price elasticity of demand equal to 2.0. c) A 10 percent rise in price leads to a 20 percent decrease in quantity demanded. d) A 10 percent rise in price leads to a 5 percent decrease in quantity demanded. e) A price elasticity of demand equal to infinity.
Business