A lakefront home sold for $385,000. The Broker received $27,912.50. What rate of Commission did this broker charge?

a. 7 ¼ %
b. 8.5%
c. 10%
d. 14%

Answer: a. 7 ¼ %

Business

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Martox is most likely at which stage of the product life cycle? A) introduction B) growth C) maturity D) awareness E) decline

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All of the following are characteristics of incremental innovation, except:

a. R&D invention in the lab. b. extension of existing product or process. c. firms use standard marketing research tools. d. product characteristics are well defined. e. customer pull.

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