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Consumer behavior
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What are the advantages and disadvantages of (a) individual incentives, (b) group incentives, and (c) organization-wide incentives?
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Consumer behavior
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Based on your knowledge of merit pay systems, identify at least three jobs for which merit pay is inappropriate. Be sure to provide your rationale.
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Business
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Tanglewood Enterprises wants a sales compensation plan that is simple to administer, controls sales costs, and encourages salespeople to be entrepreneurial. Which of the following would be the best compensation plan for Tanglewood? A) Straight commission
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Consumer behavior
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In the Johnson & Johnson credo, who is the company’s first responsibility? a. stockholders b. government c. customers d. employees
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Business
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How do you say store in Spanish?
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Business
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Create an incentive plan for the following positions: chemical engineer, plant manager, used-car salesperson. What factors did you have to consider in reaching your conclusions?
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Business
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How does merit pay differ from a bonus? A) Merit pay becomes part of an employee’s base pay, but a bonus does not. B) A bonus becomes part of an employee’s base pay, but merit pay does not. C) Merit pay is linked to individual performance, while a bonus i
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Consumer behavior
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Explain the difference (or similarity) in the conductivity of tap water and distilled water.
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Business
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– Select the correct option to complete the sentence. All of the following are factors that influence an annual bonus except __. A) eligibility B) commission C) size of the fund D) individual performance
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Business
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Louis Vuitton is a famous French company that produces luxury goods. One such good is designer handbags for women. The company has a signature trademark that it uses on all of the handbags it produces
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Business
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Chick-fil-A restaurants want to find out the lifetime value of their satisfied and highly satisfied consumers. A satisfied consumer visits Chick-fil-A 3 times a month and spends $9 each time. On average this type of consumer purchases products from Chick
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Consumer behavior
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It costs a manufacturer $7.95 to produce sunglasses that sell for $21.99. How many pairs of sunglasses must the manufacturer sell to make a profit of $10,530?
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Consumer behavior
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Which of the following statements about piece-rate pay are true? Choose all that apply. a. Piece-rate pay tends to raise issues of distrust b. Piece-rate pay tends to increase equality in earnings c.
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Consumer behavior
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Discuss the pros and cons of hydraulic fracturing or “fracking.” Do you support this practice? Explain your reasoning.
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Business
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True or false? A brand association map is a visual illustration that shows the different associations that a consumer has with a brand.
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Business
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How can the management team address the problems of the low ADR?
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Business
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Net-4-You is an Internet Service Provider that charges its 1 million customers $19.95 per month for its service. The company’s variable costs are $0.50 per customer per month. In addition, the company spends $0.50 per month per customer, or $6 million an
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Consumer behavior
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Annual bonus plans are long-term incentives, and stock options are short-term incentives. Indicate whether this statement is true or false.
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Business
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At Rhino Foods, Incentive Pay Is an Expression of Respect. Rhino Foods, which operates a production facility and warehouse in Burlington, Vermont, is a small business with big ideas for how to treat e
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Business
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Ken Gilbert own the Knoxville Warriors, a minor league baseball in Tenessee. He wishes to move the Warriors south, to either Mobile (Alabama) or Jackson Misissippi. The table below gives the factors t
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Business
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What is the disadvantage of straight commission plans? A) Payments are complicated to calculate. B) Salespeople spend too much time on servicing. C) Salespeople neglect to sell hard-to-sell products. D) The company’s fixed sales costs are proportionately
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Business
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Explain how UPS’s alternative-fuels fleet is a response to trends taking place in the company’s general environment. Describe how UPS is using boundary-spanning roles to adapt to energy-related unce
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Business
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The boutique layout is commonly used in: A) supermarkets. B) self-service stores. C) small department stores. D) stores with a high number of impulse goods.
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Consumer behavior
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Why do some organizations link incentive pay to the organization’s overall performance? Is it appropriate to use stock performance as an incentive for employees at all levels? Why or why not? How ca
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Consumer behavior
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Which of the following, if true, undermines the argument that Ryobi should discontinue all merit raises? Ryobi is a large, international power tool manufacturer that develops affordable, high-quality products such as drills, circular saws, and routers for
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Consumer behavior
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Explain the advantages and disadvantages of using piecework as a pay plan.
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Business
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If you worked in Apple’s HR department, what kind(s) of individual incentives would you use? Would these be in addition to the stock incentives or in place of the stock rewards? Explain.
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Business
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A retail operation is an example of an exchange transformation process. a. True b. False
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Business
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A piece-rate payment system is an example of a(n): A) group-incentive plan. B) organization-wide incentive plan. C) individual incentive plan. D) behavior incentive plan. E) share incentive plan.
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Consumer behavior
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Which of the following is used to anchor the employer’s pay scale? A) grades B) job aid C) benchmark jobs D) human resource metric
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Business
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Team-based pay plans are the most widely-used pay-for-performance plans in industry. Indicate whether this statement is true or false.
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Business
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What role does booking pace play in revenue management?
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Business
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If you were to create a perceptual map for a product category of watches, what attributes should you include to illustrate both the similarities and differences among the brands?
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Business
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The is the difference in the percentage of promoters and detractors. A. collaboration spectrum B. net promoter score C. imprint scale D. core competency score
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Business
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Explain how the stock of consumer durables in the hands of consumers and credit availability each affect the level of consumption?
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