Briefly define economic logic

What will be an ideal response?

Economic logic is at the heart of the Business Strategy Diamond and is the primary motivator for a business venture. Economic logic poses the question of how an organization will realize a return on investment. Marketing is instrumental in providing the answer to that question by determining which products should be delivered to a specific market at a particular price.

Business

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Any state or local law that "directly and substantially" conflicts with valid federal law is preempted under the ________

A) Supremacy Clause B) Commerce Clause C) Due Process Clause D) Free Exercise Clause

Business

What is the likelihood there are more than three customers in the system?

A) 12% B) 24% C) 76% D) 88%

Business