As computers gained popularity, the ____ typewriters decreased along with the price.
A) demand for
B) supply of
C) equilibrium of
D) productivity of
E) monopoly associated with
Question 2 - The two broad categories of buying behavior are ____ and ____.
A) psychological; social
B) consumer; person-specific
C) consumer; business
D) government; industrial
E) consumer; reseller
Question 3 - A(n) ____ is a smaller-scale plan developed to implement a strategy.
A) strategy
B) goal
C) mission
D) tactical plan
E) objective
Question 4 - Zero-base budgeting is a budgeting approach in which every expense must be justified in every budget.
Indicate whether the statement is true or false
Question 5 - As a farmer, Gary Forsythe is familiar with the economics of perfect competition. How is the price at which he sells his corn determined?
A) It is determined by Gary because he has the product that many people want.
B) The price is determined by combining the actions of all buyers and all sellers together.
C) The price he will receive is primarily determined by the buyer at the local grain bin.
D) The government sets the price of the corn to level the playing field for everyone.
E) The price will be approximately 25 percent higher than what other farmers are selling the same corn for because Gary is an astute businessperson.
Question 6 - Buying behavior is divided into two categories including
A) discretionary and disposable.
B) personal and professional.
C) physical and virtual.
D) internal and external.
E) consumer and business.
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