Q3 A car producer considers whether tobuy the motor for its car from asupplier or to produce it. Which of theabove is a transaction cost of buyingfrom the supplier?The price of the motor.O Writing contracts which handleeffectivelly moral hazard and adverseselection issues.O The cost of assembling the car.The cost of transporting the motor tothe firm's factory.All of the above.

Transaction cost incurred during buying or selling of goods and services. It can be referred to as…

Answered: A car producer considers whether to buy…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT? Retailer only faces underage risk. Supplier faces both underage and overage risks. Suppliers tend to produce less than the supply chain optimal quantity. The retailer has to purchase at least the quantity it reports to the supplier. QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT? The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time. The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May. The firm should source from a combination of one faraway supplier and one close-by…
Q4. What's the difference between Control Quality and Manage Quality? O Manage Quality means looking for defects in deliverable while Control Quality means auditing a project to check the overall process. Control Quality means inspecting for defects in deverbals while Manage Quality means auditing a project to check the overall process. Control Quality involves charts like histograms and control chats, while Manage Quality doesn't use those charts. o Control Quality and Manage Quality mean the same thing.
According to the Dependence Effect, consumers control the market through their purchases and so direct what is produced. Question 10 options: True False
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A car producer considers whether to buy the motor for its car from a supplier or to produce it. Which of the above is a transaction cost of buying