Using ________, researchers measure consumer responses to new products and marketing tactics in laboratory stores or virtual online shopping environments

A) simulated test markets
B) controlled test markets
C) business analysis
D) standard test markets
E) concept development

A

Business

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______________ - seeks to foster an appreciation for the host country's culture

Fill in the blank(s) with the appropriate word(s).

Business

Bill purchased a nonparticipating life insurance policy. The cash value was based on the insurer's present mortality, expense, and investment experience. His premium was guaranteed for an initial period, and is "re-determined" after three years. Bill purchased:

(a) universal life insurance (b) variable life insurance (c) current assumption whole life insurance (d) indeterminate-premium whole life insurance

Business