Price gaps Study guides, Class notes & Summaries

Customer Loyalty willingness to continue patronizing firm over the long run Why is building loyalty beneficial for a firm? -retaining "right" customers" -customer loyalty helps beyond purchasing behavior *preference *liking *future intentions *referring other customers -will contribute to the growing volume of firm's business in the future Defector customers who transfer their purchases to another supplier Signals of rising defection rate 1) quality problem 2) competitors offer better val...

C16 Business of Insurance Exam Questions And Answers (Verified And Updated) 5 Ways Insurance companies spread risk - answer-Share risk with other insurance companies (for very large risk, several insurers subscribe to percentage of risk) -Reinsure the risk -deductible -spread risk over diverse geographical region (soften risk of localized disasters) -form risk pools (syndicates of insurance and reinsurance companies, organized to underwrite particular risk) Two principles of insurance -...

CMT Level 2 Schabacker's Rules: End of Bull Market ANSWER- 1. Volume increases sharply 2. Popular stocks rise significantly while others collapse 3. Interest rates are high 4. Stocks are popular topic of conversation 5. Warnings of overheated mkt. are on the news Schabacker's Rules: End of Bear Market ANSWER- 1. Low Volume 2. Commodity prices have declined 3. Interest rates have declined 4. Corporate earnings are low 5. Stock prices have steadily declined and bad news everywher...

Business Strategy asks the question . . . correct answers how to compete in a single product market Concentration Strategies refers to correct answers actions firms use to compete in a single industry 3 types of concentration strategies correct answers market penetration, market development, and product development Market Penetration correct answers attempt to gain additional market share in an existing market using existing products Market Development correct answers attempting to s...

The Formation of Sales and Lease Contracts Ans: •Unlike the judge-made common law, the Uniform Commercial Code (U.C.C.) is statutory law passed by the legislatures of all 50 states. •By making much of contract law uniform across the American states, the U.C.C. attempts to strengthen commerce by simplifying and streamlining transactions. Article 2 - Sales of Goods Ans: •Sale - Passing of title from a seller to a buyer for a price. •Goods - Tangible things that are moveable at the...

APIC CSCP Module 1 Exam Questions With Verified Answers What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? - answerOperations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? - answerIt can be sold for a pos...

characteristics of services correct answers intangible, heterogeneous, simultaneous production and consumption, perishable intangibility correct answers services cannot be seen, tasted, felt, heard, or smelled before purchase -cannot be inventoried, so fluctuations in demand are hard to manage -not easy to patent, so can be copied -not easily displayed/communicated so may be hard for customers to assess heterogeneity correct answers no two services will be alike because they are done by...

APIC CSCP Module 1 Exam Questions With Verified Answers What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? - answerOperations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? - answerIt can be sold for a pos...

DBIA Test Exam Questions And Answers (Updated And Verified) Project Delivery System - answerHow team members are organized, establishes when parties engage, determines roles of parties, and determines sequence of design, procurement, and construction (db, cmar, dbb) Procurement Method - answerhow team members are selected (QBS, best value, low price, sole source) contracting approach - answerhow team members are paid (fp, gmp, cost reimbursement, target price, unit price) Design-Bid-Bui...

CMT Level 1 Exam Questions and Answers 100% CorrectCMT Level 1 Exam Questions and Answers 100% CorrectCMT Level 1 Exam Questions and Answers 100% CorrectCMT Level 1 Exam Questions and Answers 100% CorrectCMT Level 1 Exam Questions and Answers 100% Correct DeMark or Williams Method - ANSWER-Reversal point where at a bottom there are two bars with higher lows on each side and at a top there are two bars with lower highs on each side. Gann 2 Day Swing - ANSWER-A reversal point where a low or hi...