Major advances in consumerism have come through
A) federal legislation.
B) state legislation.
C) local legislation.
D) business firms.
E) trade organizations.
Question 2 - Michael is opening a tire store. He intends to set the price of tires based on determining the total cost of his purchase of one tire and then adding an amount to cover additional costs and profits. Michael is using ___ pricing.
A) cost-based
B) additional markup
C) floor establishment
D) survival
Question 3 - What is the purpose of quality control? Why is it important to a firm?
Question 4 - For some projects, technical expertise and cognitive ability may be critical ________ factors that are required.
Fill in the blank(s) with correct word
Question 5 - Louise registers for a consumer education course at her high school. She is likely to learn about all of the following topics except
A) how to prepare for a successful job interview.
B) what to consider when purchasing a car.
C) the provisions of consumer protection laws.
D) the available sources of consumer information.
E) Kennedy's Consumer Bill of Rights.
Question 6 - Janice is starting a new business and is confused about how to determine the price to set for her product. She comes to you for advice and you tell her, correctly, that the two factors that determine the price at which a product will sell are
A) the market and the awareness that costs and expected sales can be used only to establish a price floor.
B) the market and status-quo.
C) the cost of production and maximum price that can be charged.
D) the competition price point and product demand.
Question 7 - How do routing and timing affect the scheduling process for a furniture manufacturer like Drexel-Heritage?
Question 8 - The team ________ is generally appointed and must possess strong leadership and communication skills as well as the technical expertise required for the project.
Fill in the blank(s) with correct word
Question 9 - The major forces in consumerism are
A) individual consumer advocates.
B) consumer organizations.
C) consumer education programs.
D) consumer laws.
E) all of the above.
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