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Charter Chemical needs to order more office supplies. The order quantity and specifications are routine, and the purchase is made from the same supplier at regular intervals, without any decision making process.  Charter will probably engage in a(n) __________ to purchase additional quantities.

The net present value of the stream of future profits expected from the entire future relationship with a customer is the:

Based on the figure above, provide the following information to the nearest whole number (e.g., 3). Type the correct answer in the box after each question. Price charged by a profit-maximizing monopolist:  (Enter answer here–>) [a] Total profit of a profit-maximizing monopolist given optimal quantity: (Enter answer here–>) [b] Price charged by a firm in a perfectly competitive market:   (Enter answer here–>)  [c] Total profit of a firm in a perfectly competitive market given optimal quantity: (Enter answer here–>) [d]        

Compared to the other classifications of consumer products, shopping products are:

Fisher-Price watches young children play with their toys to determine if and how various toys should be changed or improved.  Fisher Price is collecting __________ data.

Campbell’s provides a large variety of soup flavors which provide similar benefits; this BEST describes which of the following:

The smartphone manufacturing industry is highly competitive, with significant barriers to entry protecting established players. Starting a smartphone manufacturing business involves substantial investments in R&D, production facilities, and technology. Larger companies benefit from economies of scale, which lower per-unit costs, making it challenging for newcomers to compete on price which discourages many potential entrants. The industry relies on a few large suppliers for components like semiconductors, displays, and batteries and there are high switching costs associated with changing suppliers. With numerous options available, consumers are price-sensitive and can easily switch brands if prices rise. However, some consumers often have strong preferences based on brand reputation. Tablets, wearables, and other smart devices can serve similar functions as smartphones, posing a threat. As technology evolves, new forms of communication (e.g., smart glasses) may emerge as substitutes, impacting demand for traditional smartphones. In mature markets, the saturation of smartphone users drives companies to compete aggressively for market share. With reference to the Porter 5-force model, please answer the following questions: (1) List the 5 forces in the Porter 5-force model, (2) with reference to each force, explain the power (high, moderate, low) for each force, and (3) discuss two or more factors that contribute to the high/moderate/low impact for each of the 5 forces.

An IMC strategy separates the promotional mix into parts and views them as isolated components.

Cumulative quantity discounts are one-time reductions in list prices.

Skimming is an effective strategy to use when products are distinctive or have little competition.