Choose the statement about incentives that is incorrect. OA. If the price of soda falls, a child has an incentive to buy more soda. OB. An incentive can be a penalty that discourages an action. OC. Incentives have no effect on choices. OD. With low computer prices, school boards have an incentive to connect more classrooms to the Internet.
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- Match each of the statements with whether it describes a Feature, a Benefit, or a Value (as we defined them in class). Group of answer choices A TV includes a Bluetooth connection. You can wirelessly connect to headphones to listen to the TV Fits your room so that you can play a game on the TV in a comfortable place that is good for bringing friends over to play the game together. More enjoyable to watch a movie because it has a large screen.. Families often enjoy getting together and watching a movie on TV — its a group experience which they enjoy now as well as talking about it later. A TV is one component of this as others include seating and food.Which of the following statements holds true for the term, broad company loyalty? Group of answer choices It refers to a situation where the anxiety of the workday in a job consistently washes over into the employee's nonwork life. It refers to a situation where an employee has the conviction that an organization—it's ideals and actions—has intrinsic value distinct from its ability to serve the employee's interests by providing a paycheck and associated benefits. It refers to a situation where an employee is willing to stick with an employer instead of seeking work elsewhere. It refers to a situation, especially as a result of being offered a gift, where an employee's personal welfare may corrupt his or her ability to serve the employer's interest.You are working in the marketing department for a fast-food chain. While monitoring posts about the company on Facebook and Twitter, you notice the following post from one of the firm's former employees. "Got fired today, but I was tired of serving low-quality food with expired expiration dates. Don't eat there or any of the chain's restaurants unless you want to get deathly ill." To make matters worse, a couple of other employees who had recently been fired chimed in and made posts of a similar nature. Working as a team, complete the following steps: 1. Create a response that can be used to convince consumers that your company is committed to food freshness and quality and that these posts were made by employees who had been terminated and a plan for how this response will be communicated.
- Which of the following option is the best example for the concept of positive value? a. A person wants to become a popular singer b. You help a killer to escape the police c. A person helps his sick parents with all their responsibilities d. You supply illegal drugs in your countryWhich of the following should result in more intense incentives. Select one or more: a. The agent finds extra risk very costly. b. A little bit of effort from the agent has a big effect on output. c. The principal observes a signal that is weakly correlated with the agent's effort. d. The variable that the manager cares about is mainly random. e. There is accurate data that the principal can observe on the agent's effort. f. The marginal cost of the agent's effort is small.You are an operations analyst working for a major movie theater chain. Currently, the company requires all employees in the concession stand to use a technique known as suggestive selling (e.g., "Would you like Red Vines with your order today?"). Employees are not given any guidelines as to what suggestion to make, so they typically pick their favorite food or candy. The company has asked you to come up with a system to find items that a given customer is likely to buy in order to improve the effectiveness of the suggestive selling process and increase profits.Using market basket analysis, you have discovered several associations that you believe will lead to improved suggestive selling accuracy. You are considering two main options for deployment: Work with the point-of-sale software vendor to implement the suggestive selling algorithm into the software used by cashiers. As cashiers enter the customer's order, the algorithm will determine what additional item the customer is likely…
- Which one of the following scenarios best describes "demand"? a. Khalid has money but does not like the product. b. Yaqdhan likes the design but not the price of a product. c. Muadh sells cheap products. d. Ashraf wants the product and has ability to pay for it.When considering a high involvement purchase, what are reasons that consumers spend more time researching the product before buying? (Select all answers which apply.) Group of answer choices The purchase isn't expensive, but they know that their spouse believes it's really important to get exactly the right product. They will have to wait months before the product arrives and don't want to have to return it. Every purchase should be high involvement and we need to worry over every penny we spend. They are spending a lot of money on the product and want to spend it wisely.The company has created awareness about a new product and now needs to.move potential buyers to the interest stage. The best way to do this is to: O a. Increase distribution and make the product more available. O b. Increase the level of advertising. O c. Provide readily available information about the product. O d. Reduce the price of the product. What is a learned predisposition to respond in a constant favorable or unfavorable manner, in respect to a given object among following? O a. Rule. Ob.Cue. OC. Attitude. O d. Belief.
- An electrician working in a small town in Bicol is the only electrician within a 100-mile radius. He knows that people who have medical equipment at home have the highest need for power, so he charges them double to fix problems with their electricity, compared with the average customer. The community is angry about this choice. This business practice is most likely: Group of answer choices A. Ethical because it is not illegal for a company to set its prices based on maximizing profits. B. Ethical because owners should focus only on the impact of decisions on the firm. C. Unethical because businesses operate in a community and communities have expectations for behavior of individuals, groups, and businesses. D. Unethical because it is against the law for the company to charge one customer more than another.Explain it correctly and In details Q)You are a manager of an advertising company. The company is running short of funds, so you decide to increase revenue. Should you increase or decrease the price of running ads? Explain your answer.Which of the following are key attributes of continous improvement in R&D efforts? (Choose three) Better design of R&D products to improve service Exceeding customer expectations Striving to always lower costs Higher level of uniform R&D product quality Increasing sales through global markets Minimizing changes to the Project