Many students in a junior high school wear the same style of shoes to school each day. From the marketing perspective, why are these students conforming to a similar style?
What will be an ideal response?
Consumers often change their behavior to gain acceptance into a particular reference group. Students in this junior high school may want to feel as if they are the same as their fellow classmates, so they will wear the same style of shoes to be part of the group.
Business
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Which of the following changes to the terms of credit would make the effective annual rate increase?
A) Extend the discount period B) Increase the cash discount percentage C) Extend the payment period D) All of these changes will increase the effective rate
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Losing a right because of failure to assert it in a timely manner is known as
A. rescission. B. laches. C. estoppel. D. specific performance.
Business