Most marketers do not differentiate between experts and opinion leaders

Indicate whether the statement is true or false

FALSE

Business

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Nothing is too good for my cats, so all their food is custom made at Catastic, who operates a specialty organic food mill in an adjacent state. We need 500 pounds of food per year, distributed evenly throughout the year

It costs $20 shipping and handling to place and receive an order for this delicious food. The cats are fed only on week days, so the 500 pounds per year translates to 2 pounds per day (we go out to restaurants on the weekends). Of course, my cats don't always eat exactly 2 pounds per day, their demand could more precisely be described as an average of 2 pounds and a standard deviation of 0.3 pounds per day. It takes ten days on average to receive an order for food once I place it. It costs $35 to hold a pound of food in inventory for a year and the food costs $850 per pound. It's expensive, yes, but again, nothing is too good for my cats. What amount should I order and when should I order it if I want only a 1% chance of running out of food for my cats? What will be an ideal response?

Business

Which of the following statements is true about information and communications technology?

A) Increasingly, wireless transmission is favored because of its speed and flexibility although extra costs are incurred. B) Information and communications technology is a separate category and does not come under the IT component. C) Many developing countries that can't afford to install wireless transmissions are transforming their communications and expanding Internet access by building copper-wired networks. D) The main role of the telecommunications component involves moving electronic signals from one place to another.

Business