Many students in a high school wear the same style of shoes to school. 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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What is crowdsourcing? How is crowdsourcing useful in new product development?

What will be an ideal response?

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A ________ VMS integrates successive stages of production and distribution under single ownership

A) contractual B) corporate C) contingency D) conventional E) communal

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