TRUE/FALSE Questions: StatementTrueFalseAll the below are forms of competition act:− price fixing− bid rigging− price discrimination− predatory pricing− double ticketing− resale price maintenance− bait and switch selling− pyramid selling☐☐Business slander means unfair and untrue written (oral) statement about a competitor☐☐

Introduction: Competition Act and business slander are two separate concepts related to business…

Answered: TRUE/FALSE Questions: Statement…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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You own and operate a fitness club and have collected information about your clients' individual fitness goals for the purpose of developing new classes. A business that makes protein bars offers you a discounted rate on bars to sell at your club, in exchange for information on your clients' fitness goals, which it wants to use for marketing purposes. According to PIPEDA's Fair Information Principles: A- You may provide the information if you obtain consent for this new use of the information first. B-Since you obtained consent when you collected the information from your clients, you may provide this information to the protein bar business. C-You may not provide this information under any circumstances. D-You must report the protein bar business to the Privacy Commissioner.
Mf2. What is the objective in Key risk indicators specifically unauthorized trading? Please provide enough context.
Please answer in detail Name and discuss 3 primary types of objections customers typically raise: 1. Price objection: Customer believes quoted price is too high. 2. Product Objection: Customer voices concerns about some element of product or service or customer might not be familiar with the product. 3. Time objection: Customer considering buying, but needs more time or customer has no intention of buying and wants to get rid of salesperson. Imagine you are newly employed as an Assistant Vice President (AVP) of Corporate Sales at a marketing organization. In the upcoming week, your team will be hosting a presentation for a new line of Tennis Rackets for 75 prospects. As you are aware, prospects are going to raise objections about this product. Using the compensation technique (admits the objection is valid but also discusses other benefits). and the acknowledgment technique (admits the objection is valid) discuss how one can apply these techniques to overcome objections. Why?…
Identification. Give the term to what is described. 1. It refers to products or services that prospective buyers can buy and use that are similar to the desired product for a lesser price. 2. A strong competitive force when they comprise a large portion of the demand and purchase a sizeable percentage of industry products. 3. It is a conscious arrangement of rules to direct choices and accomplish objectives. 4. It is a conscious arrangement of rules to direct choices and accomplish objectives. 5. A planned course of actions taken that will guide an individual or group to achieve one or more goals. 6. It determines a course of action to achieve the set goals and objectives. 7. It exists when many sellers offers similar products that are not perfect substitutes for one another. 8. It is characterized as a deliberately formalized design of positions or jobs for individuals to fill in an organization. 9. It is a new product with the potential for success, but they need a lot of cash for…
31. Who are the people important in the buying decision? (give 3)
Discuss in detail the 3 primary types of objections customers typically raise: 1. Price objection: Customer believes quoted price is too high. 2. Product Objection: Customer voices concerns about some element of product or service or customer might not be familiar with the product. 3. Time objection: Customer considering buying, but needs more time or customer has no intention of buying and wants to get rid of salesperson.
Plzzzz explain.
Critical Thinking In the buying center, the gatekeepercontrols information flow to others in the center. Thus,the gatekeepe, determines which possible sellers areheard and which are not. Does the gatekeeper havetoo much power? What policies might be implemented to make sure that all possible sellers are ueatedfairly?
1. A company sells consumer products like soaps and detergents using door-to-door sales. That is,salesmen make calls at homes, demonstrate their products, sell and collect payment on the spot. As themanager of the company, you are wondering the best way to assess the performance of the salesmen.That is, how to assess, what to assess, when to assess, who should be involved in the rating, etc. Discusshow you would implement a performance appraisal system for the outside salespeople in terms of theabove challenges?2. A local oil and gas company in Houston hires the following categories of employees: 1. PetroleumEngineers at all levels (entry level, senior level, middle-management level, etc.). 2. Clerical employees(entry level only). 3. Senior management staff (both internal and external searches are done). Thecompany employs about 3,000 employees in the Houston area. The company is interested in revising itscompensation package to be externally competitive. They want to conduct their own…
Can I have some help with this please The taxicab drivers' union is threatened by the introduction of self-driving vehicles. Threat of new entrants, Power of suppliers,Threat of substitutes, Rivalry of existing competitors, Power of buyers. In which of these industries would buyers enjoy relatively high power? [Select all that apply] Aluminum can manufacturers when dealing with beverage industry buyers, air transportation between Boston and New York City, steel, Electrical power generation (household buyers).
Ethics Some marketets attempt to disguise themselvesas market researchets who want lo ask you questionswhen their real intent is 10 sell something to the con- sumer. What is the impact of this practice on legitimateresearchers? What do you think might be done aboutthis practice?
7. As important as CSR is for the community, it is equally valuable for a company by bringing the following benefits to the company justify with suitable examples. Brand Recognition ● ● Investor Relations Employee Engagement Risk Mitigation

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Statement	True	False
All the below are forms of competition act: − price fixing − bid rigging − price discrimination − predatory pricing − double ticketing − resale price maintenance − bait and switch selling − pyramid selling	☐	☐
Business slander means unfair and untrue written (oral) statement about a competitor	☐	☐