Off-price retailers obtain surplus merchandise from manufacturers and offer brand-name, fashion-orientated goods at low prices

Tom usually buys new devices such as PDAs, DVRs, and MP3 players only after his friends and family start owning these devices. In this case, Tom is an innovator

Indicate whether the statement is true or false

When two Taco Bell restaurants have a disagreement over who should be able to sell in quantity at a discount to the local high school band, they are in a ________ conflict

A) vertical B) multichannel C) no-win D) horizontal E) functional