The price that unrelated parties would have arrived at for the same transaction, is called competitive parity price, which is one of the philosophies of transfer pricing.
Indicate whether the statement is true or false
Question 2The laws of contracts are concerned with governing the relationship of principals and agents.
a. True
b. False
Indicate whether the statement is true or false
Question 3Which of the following is not an example of in-store promotion?
a. Trunk shows
b. Celebrity store appearances
c. Food samplings
d. Cooking demonstrations
e. Cardboard cutouts
Question 4Network marketing serves only as a retailing function.
Indicate whether the statement is true or false
Question 5Jeremiah watched an advertisement for a breakfast cereal on TV. The advertisement was endorsed by a famous actor. After a few weeks, he could not remember the actor who was featured in the ad, but he could remember the message of the ad. This is an example of _____.
A) attitude confidence
B) symbolic motivation
C) emotional contagion
D) the endowment effect
E) the sleeper effect
Question 6Cost-based prices are difficult to manipulate.
Indicate whether the statement is true or false
Question 7Contracts between two or more parties do not allow the shifting of risk between the entities and do not constitute the foundation and fabric for every type of supply chain relationship.
a. True
b. False
Indicate whether the statement is true or false
Question 8Which of the following is not a feature of the Evergreen and Ivy display for candles?
a. It can be used by any kind of retailer.
b. It handles product that comes in one size.
c. Empty slots that need restocking are easily seen.
d. It takes up a minimum of floor space.
e. It is interesting and attractive.