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Questions and Answers
in business, the cost of physical distribution is surpassed only by the cost of labor 
in business, the cost of physical distribution is surpassed only by the cost of labor 
False
intermodal, transportation, combines two or more transportation mode to maximize the advantage of each
intermodal, transportation, combines two or more transportation mode to maximize the advantage of each
True
The federal aviation administration, regulates air, freight charges 
The federal aviation administration, regulates air, freight charges 
False
A contract carrier does not have to publishes freight, rates because it negotiate fees with customer
A contract carrier does not have to publishes freight, rates because it negotiate fees with customer
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 shipping between Seattle, Washington and Los Angeles California is called intracoastal shipping 
 shipping between Seattle, Washington and Los Angeles California is called intracoastal shipping 
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A national chain engages in centralized buying in order to save money, and present a unified image to its customers 
A national chain engages in centralized buying in order to save money, and present a unified image to its customers 
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extra dating is used to encourage a buyer to purchase new merchandise 
extra dating is used to encourage a buyer to purchase new merchandise 
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although a purchasing manager carries out the specifics of the master production schedule, other people create that schedule without the managers input 
although a purchasing manager carries out the specifics of the master production schedule, other people create that schedule without the managers input 
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retailers often demand that products have a universal product code because the code save the retailers time 
retailers often demand that products have a universal product code because the code save the retailers time 
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A company’s profit is equal to its return on investment 
A company’s profit is equal to its return on investment 
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bartering involves the exchange of goods or services, for a mutually agreed on amount of money 
bartering involves the exchange of goods or services, for a mutually agreed on amount of money 
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some companies have products which features are very similar to the products of their competitors. Such companies can successfully complete by adding place utility to there products.
some companies have products which features are very similar to the products of their competitors. Such companies can successfully complete by adding place utility to there products.
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retailers who are in business and states with minimum price laws are prohibited from using the loss leader technique to attract customers 
retailers who are in business and states with minimum price laws are prohibited from using the loss leader technique to attract customers 
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The practice of punishing retailers was outlawed in the Robinson Patman act of 1975 
The practice of punishing retailers was outlawed in the Robinson Patman act of 1975 
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E tailing has increased the popularity of flexible pricing
E tailing has increased the popularity of flexible pricing
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penetration pricing encourages volume sales, which increases companies profit margin, but also increases fixed cost
penetration pricing encourages volume sales, which increases companies profit margin, but also increases fixed cost
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outdated technology in the US may be in the growth stage and other global markets
outdated technology in the US may be in the growth stage and other global markets
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it is not possible to set a price too low, because the target market will always be attracted to low cost items 
it is not possible to set a price too low, because the target market will always be attracted to low cost items 
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very little price changes will be made for products introduced with skimming prices 
very little price changes will be made for products introduced with skimming prices 
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A retailer who discounted items retail price also reduces his or her markup on the item 
A retailer who discounted items retail price also reduces his or her markup on the item 
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businesses generally use employee discounts in order to justify paying employees a lower wage 
businesses generally use employee discounts in order to justify paying employees a lower wage 
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some discounts actually help a business receive its invoice payments more quickly
some discounts actually help a business receive its invoice payments more quickly
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in order to determine the percentage of a promotional discount, one multiplies the dollar discount by the original price 
in order to determine the percentage of a promotional discount, one multiplies the dollar discount by the original price 
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Trade discounts are based on the manufacturers price to the wholesaler or retailer
Trade discounts are based on the manufacturers price to the wholesaler or retailer
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