At the unconscious need level, people do not know why they buy a product-only that they do buy.

Entrepreneurship results in the creation,enhancement,realization,and renewal of value,not just for owners,but for all participants and stakeholders.

The number of different products/configurations that a customer desires from the distribution network is

A) response time.
B) product variety.
C) product availability.
D) customer experience.

The first step in level material use is to combine orders into a few large batches in order to utilize economies of scale.

Given a supply curve that is positively sloped and a demand curve for a normal good that is negatively sloped,an increase in income will result in:

A) an increase in equilibrium price and quantity.
B) a decrease in equilibrium price and an increase in equilibrium quantity.
C) a decrease in both equilibrium price and quantity.
D) an increase in equilibrium price and a decrease in equilibrium quantity.