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NEW QUESTION 22
While proposing an advertising campaign to a supermarket, a marketing firm claimed that a previous campaign it designed for a department store increased sales by 10 percent. Which of the following research strategies should the supermarket pursue to determine whether this claim is justified?
I. Research sales growth for the department store's competitors during the time of the campaign.
II. Research sales growth for the marketing firm's other clients after their campaigns.
III. Research sales growth for companies that used different marketing companies' campaigns.
IV.
Research the department store's sales growth prior to the marketing campaign.

A. III and IVB. I and IVC. I and IID. III only

Answer: B

 

NEW QUESTION 23
Many people argue that giving patents for medicines is unfair, because it prevents many people from accessing the products they need to live a healthy life. Why do governments allow patents for medicines?

A. Patents help promote innovation through easier recovery of fixed costs.B. Patents protect consumers from counterfeit medicines.C. Patents increase consumers' willingness to pay for medicines.D. Governments hope to earn tax revenues on monopoly profits.

Answer: A

 

NEW QUESTION 24
Why are ratios important when comparing different companies within the same industry?

A. They are useful for assessing the stage of the industry.B. They eliminate the effect of size differences among the different companies.C. They reflect macroeconomic factors.D. Accounting policies might be different between companies.

Answer: B

 

NEW QUESTION 25
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