Question 1
What percentage of U.S. families received incomes of $112,638 and over in 2007?
A- 20%
B- 30%
C- 40%
D- 50%
Question 2
Regarding the business (manufacturing) market, small firms (with fewer than ten employees):
A- are not very numerous compared to the very large firms.
B- are the majority of all firms, but account for less than 3% of "value added" by manufacturing.
C- account for the vast majority of the total employment provided by all manufacturers.
D- amount to nearly two million establishments.
Question 3
Which of the following statements is TRUE with regard to retail buying?
A- Most retail buyers see themselves as purchasing agents for their suppliers.
B- Buying committees, instead of individual retail buyers, may make the buying decisions.
C- Retail buyers make most purchases as modified rebuys.
D- Retailers typically only carry products that they have judged "socially desirable."