Rick works as a marketer at hasbro. he recently designed an online contest using social media that encouraged fans to submit their own ideas for new toy designs. participants would submit their ideas, and consumers would vote for them on the site. those who garnered the most votes would see their idea designed as a new toy. the winner would be rewarded by receiving 2 percent of the proceeds from sales of the toy. what type of promotion is this online contest?

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer