Briefly explain the roles of consumers, businesses, governments, and NGOs in the society of the United States
What will be an ideal response?
Consumers, businesses, governments, and nongovernmental organizations are bound together through interrelated activity in our modern consumer society. Consumers enjoy benefits from the product choices brought to them through marketing; consumers determine the success of a business by determining whether or not to buy the company's products. Businesses market products and services for consumption by consumers and other businesses for a profit; governments and nongovernmental organizations set boundaries on the actions of the businesses. Governments regulate businesses and collect taxes from both consumers and businesses. NGOs, which are groups of private individuals, monitor the behavior of businesses and governments and use their influence to achieve social goals.
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Companies that sell products whose prices are set by market forces are called
a) price takers. b) price givers. c) price leaders. d) price setters.
Which of the following is TRUE about using the REALTOR designation?
A. Those who use it must be members of NAR B. Only cooperating brokers can use it C. Those who use it cannot become MLS members D. Only subagents can use it