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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Pauline is a photographer. She takes photographs for a local advertising agency to use to help its clients create advertising campaigns. Pauline belongs to which advertising group? Multiple Choice encoders suppliers clients creators agencies
Strongly Disagree Disagree Agree Strongly Agree Question 1. Promotional activities inform and persuade current and potential customers about products and services. 2. Manufacturers offer samples and trial sizes of products to create awareness about a new product. 3. Businesses offer coupons and limited free-use offers to stimulate demand. 4. Contests and games are used to identify new customers and reward loyal customers. 5. Stores such as Best Buy and Lowe's challenge competitors through price-matching programs. 6. Retailers do not use promotional activities to generate sales during slow periods. 7. When most people make a purchase, they don't rely on conversations with their family and friends to get their opinions.
In the U.S., what law protects firms whose brand names have been unfairly tarnished in comparative ads?
4 Which of the following are true about Advertising. Select 3 correct answer(s) Question 4 options: It is the form of communication Advertising is a form of personal communication It pays for the use of communication media It is a marketing function
Ethics Several online stores now sell products to consumers at different prices based on the user’s information, such as geographic location—which determinesyour proximity to competitors and your area’s averageincome. Although this practice, known as Internetprice discrimination, is not illegal, some would say itis unethical. Do you believe this practice is unethical?Should this practice be illegal? If you think the practiceshould be legal, should retailers be required to put adisclaimer on their site? explain your reasoning.
Advertising can affect the way consumers rank a brand's attributes. Question 30 options: True False
Topic 1 â€“ Targeting Vulnerable Consumers Some marketers target vulnerable groups by their ads. Vulnerable groups are consumers who are unable to make prudent purchasing decisions due to personal or situational influences. This may include children, elderly, homeless and disabled people.a) In your opinion, should Marketers target these groups?b) Should the type of product marketed be an issue?c) Share with us one commercial that you think violates ethics and justify to what extent the commercial is unethical.
Please answer this Simple question
is an agreement to use another company's brand on its products for a fee. O A) A trademark O B) A license O C) Co-branding O D) A copyright| O E) A patent
Evidence of a Pink Tax The sense of resignation that female consumers feel when being hit by additional costs at the cash register is real. The additional costs are perceived as a kind of tax because they are felt to be compulsory. When addressing the question of whether, or to what degree, a pink tax actually exists it is important to pay attention to the terms of the inquiry. In this case the framing of the problem has an impact on the potential solutions to the problem. If indeed it can be regarded as a genuine tax, the ultimate source of the problem is the government. In that instance, the obvious solution would be for women to pursue political remedies through voting, lobbying, and seeking judicial relief from predatory pricing. On the other hand, if the term amounts to taxing only in the colloquial or everyday sense there may be market solutions that can help. An illustration of this kind of colloquial use of “tax” is that one might regard being forced to pull an all-nighter at…
Sales promotions should not be the singular tool for a promotional campaign because Group of answer choices all sales promotions have legal time limit restrictions to prevent unfair trade practices. gains from sales promotion are often temporary and sales drop off when it ends. sales promotions are too costly and soon become a financial liability. sales promotions are traditionally handled by outside firms and not the manufacturer, which often results in a significant loss of profit. consumers obtain an inflated impression of a product’s actual value or worth.
QUESTION 1 The FTC requires companies to have a reasonable basis for making claims in their advertisements. This means that companies must have O a. Testimonials from satisfied customers O b. Approval from the FTC before making any claims O c. Scientific evidence to support their claims O d. A marketing strategy to attract consumers QUESTION 2 A company is accused of engaging in predatory pricing by intentionally selling its products at a loss to drive competitors out of business. This is an example of O a: Price discrimination O b. Unfair competition OC. Misleading advertising O d. Deceptive packaging

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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	☐	☐