Research finds that formal work units, but not temporary task forces or virtual teams, pass through a series of life cycle stages.

Ultimately,a proper understanding of customer preferences and a quantification of the impact of various tactics on consumer behavior are at the core of successful revenue management.

Generating sales by promoting the firm and encouraging demand for its products is the role of a ________ salesperson.

In 2007, approximately what percentage of people in the United States with private health insurance received it as an employer-provided benefit?

A) 35
B) 50
C) 88
D) 95

A hypothesis is:

A) an assumption about behavior.
B) a prediction of what will occur given certain assumptions.
C) a prediction of what will occur regardless of assumptions.
D) a forecast of future events.
E) useful only if the assumptions are realistic.

Halifax & Smyth (H&S) is a clothier that specializes in expensive men's suits, and the firm makes the suits from wool fabrics that are woven by one of the firm's divisions. This division is not the only source for this material, and H&S could buy or sell wool fabric in the outside competitive market. H&S will buy some of the wool fabric that it needs for suits from the outside market if the:

A) market price is less than the optimal transfer price if the outside market did not exist.
B) market price is less than the point where the net marginal revenue of weaving wool fabric intersects the marginal cost of wool fabric.
C) market price is less than the point where the net marginal revenue of assembling men's suits intersects the marginal cost of assembly.
D) Both A and B are correct.