Consumer tastes and preferences are changing due to ______.
a. growing health awareness
b. the U.S. population becoming younger
c. increasing costs of most consumer goods
d. difficulty of procuring staple food items
a. growing health awareness
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Payment is made for an electric bill which was received and recorded earlier. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities decrease and assets decrease.
In horizontal analysis each item is expressed as a percentage of the
A) base year figure. B) retained earnings figure. C) total assets figure. D) net income figure.
When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to ramp up production and order more raw materials. This is an example of derived demand.
Answer the following statement true (T) or false (F)
The growth stage of the industry life cycle is characterized by
A. in-kind competition (from the same type of product). B. retaliation by competitors whose customers are stolen. C. premium pricing. D. a growing trend to compete on the basis of price.