The ______ is a clear, concise one-minute explanation of the business, meant to be given to potential investors and lenders.
a. business plan
b. sales pitch
c. elevator pitch
d. mission statement
c. elevator pitch
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Fast Feet is a manufacturer of running shoes. Its shoes are not selling fast enough for the company to pay its debts and continue its operations. Fast Feet is now insolvent. What options are available to Fast Feet? How would these options affect Fast Feet's obligations to its creditors, if at all?
What will be an ideal response?
Which of the following is true of channel advantage?
A) It allows a business to control market access, but not channels in a market. B) It is dependent on cost advantage. C) It is dependent on differentiation advantage. D) It is achieved through the use of reactive strategies. E) It is a source of marketing advantage.
What should you strive to accomplish during your introduction?
a. establish credibility b. relate the topic to the audience c. preview main points d. all of the above
Harring, Inc., manufactures and sells two products: Product P0 and Product W2. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct P0900 6.0 5,400 Product W2200 7.0 1,400 Total direct labor-hours 6,800 The direct labor rate is $17.90 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per UnitProduct P0$242.20 Product W2$151.30 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead CostExpected
Activity???Product P0Product W2TotalLabor-relatedDLHs$303,144 5,4001,4006,800Machine setupssetups 52,332 6008001,400Order sizeMHs 739,125 4,1004,0008,100 $1,094,601 The overhead applied to each unit of Product W2 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $1,825.00 per unit B. $1,126.79 per unit C. $995.09 per unit D. $2,286.58 per unit