Products sold under a brand name used to command premium prices because, in general, they were...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Products sold under a brand name used to command premium prices because, in general, they were superior to non-brand rival products. Technical expertise in product development has become so widespread, however, that special quality advantages are very hard to obtain these days and even harder to maintain. As a consequence, brand-name products generally neither offer higher quality nor sell at higher prices' Paradoxically, brand names area bigger marketing advantage than ever. Which of the following, if true, most helps to resolve the paradox outlined above? Choose the correct answers from the following alternatives given Arun had deposited a bag in the cloak room of a railway station by paying Rs. 650. On the face of the ticket, issued to him were inscribed see reverse for terms & conditions. Clause 10 of the printed Terms & Conditions limited the liability of the company for loss of a baggage to Rs. 100. The bag was lost and Arun claimed Rs. 650 as its value. A B C D Arun was not bound by the conditions on the back of the ticket as he had not read them at all. Arun was bound by the conditions on the back of the ticket even if he had not read them. Arun was not bound by the conditions on the back of the ticket as his claim was 13 times more than the compensation offered to him by the railway company. Arun was bound by the conditions on the back of the ticket as he had not read them in full. Products sold under a brand name used to command premium prices because, in general, they were superior to non-brand rival products. Technical expertise in product development has become so widespread, however, that special quality advantages are very hard to obtain these days and even harder to maintain. As a consequence, brand-name products generally neither offer higher quality nor sell at higher prices' Paradoxically, brand names area bigger marketing advantage than ever. Which of the following, if true, most helps to resolve the paradox outlined above? Choose the correct answers from the following alternatives given Arun had deposited a bag in the cloak room of a railway station by paying Rs. 650. On the face of the ticket, issued to him were inscribed see reverse for terms & conditions. Clause 10 of the printed Terms & Conditions limited the liability of the company for loss of a baggage to Rs. 100. The bag was lost and Arun claimed Rs. 650 as its value. A B C D Arun was not bound by the conditions on the back of the ticket as he had not read them at all. Arun was bound by the conditions on the back of the ticket even if he had not read them. Arun was not bound by the conditions on the back of the ticket as his claim was 13 times more than the compensation offered to him by the railway company. Arun was bound by the conditions on the back of the ticket as he had not read them in full.
Expert Answer:
Answer rating: 100% (QA)
C Arun was not bound by the conditions on the back of the ... View the full answer
Related Book For
Concepts in Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
Posted Date:
Students also viewed these accounting questions
-
What accounting method must be used to account for bad debts that result from the sale of merchandise or the provision of services?
-
What four methods are used to account for inventory? What are the financial implications of one method over another? How does the choice of inventory accounting method affect the order in which...
-
Which of the two common approaches used to account for by-product/scrap provides better information to management? Discuss the rationale for your answer.
-
"Assault on college campuses can no longer remain just a female issue, and universities nationwide must prepare males for the same protections it provides their female counterparts in college Title...
-
What would you do?
-
If 14.8 kJ of heat is given off when 1.6 g of HCl condenses from vapor to liquid, what is H cond for this substance?
-
Hunter Corporation issued a \(\$ 100,000,61 / 2 \%, 10\)-year bond payable. Journalize the following transactions for Hunter. Include an explanation for each entry. a. Issuance of the bond payable at...
-
Enhance the Treasury Yield Rates database file to perform a database query that finds the rate associated with any date and term.
-
There are two competitors in the local banking zone. Bank ABC provides 11.2% compounded monthly on its time deposit. Bank XYZ provides 11.4% compounded semiannually on its time deposit. If you want...
-
Bell Corporation purchases all of the outstanding stock of Stockdon Corporation for $220,000 in cash on January 1, 2017. On the purchase date, Stockdon Corporation has the following condensed balance...
-
What are Documents? * A . Documents are a space to produce long - form content with easy access to additional Jasper features. B . Documents are a series of pre - built prompts with modifiable...
-
(a) The equity share of VCC Ltd. is quoted at Rs. 210. A 3-month call option is available at a premium of Rs. 6 per share and a 3-month put option is available at a premium of Rs. 5 per share....
-
a) What do you understand by the term autocorrelation? What are the consequences of autocorrelation in estimation? (5 marks) b) What are the assumptions underlying the Durbin Watson statistics in...
-
61. The solubility product of CuS, AgS and HgS are 10 37, 104 and 1054 respectively. The solubility of these sulphides will be in the order (1) HgS> AgS > Cus (2) AgS>HgS > CuS (3) CuS AgS > HgS (4)...
-
Sam and Esterina are married, file a joint return, and have two children, ages 9 and 12. Their combined AGI is $67,000. Sam's earned income is $43,000; Esterina's is $27,000. They incur $6,900 of...
-
Creative Computing sells a tablet computer called the Protab. The $875 sales price of a Protab Package includes the following: One Protab computer. A six-month limited warranty. This warranty...
-
You work for Procter and Gamble (P&G). One of the brands you manufacture is Tide Detergent. It sells for $10 per bottle at the grocery store. Chens Enterprises Corp. is P&G's Canadian distributor,...
-
Why can wastewater treatment requirements in Hawaii be less stringent than those in most locations on the U.S. mainland?
-
Wayne owns 30% of Label Maker Corporation. Label Maker is organized as an S corporation. During 2011, Label Maker has a loss of $160,000. At the beginning of 2011, Wayne's at risk amount in Label...
-
RIA RESEARCH EXERCISE Use the RIA Checkpoint database to answer the following questions. Cut and paste the relevant Internal Revenue Code and Treasury Regulation section(s) into your solution and...
-
Powell owns a 20% interest in Cooke Partnership. At the beginning of 2010, Powell's basis is $22,000. Cooke reports a $90,000 operating loss in 2010, and Powell withdraws $10,000 from the...
-
Does statelessness exist in wealthy countries such as the United States? How does the status of the "Dreamers" (people who entered the United States illegally as young children) compare with that of...
-
What are the main characteristics of the various systems of social differentiation within egalitarian and rank societies?
-
How does political organization relate to social differentiation?
Study smarter with the SolutionInn App