Dips in the economy and the instant price comparisons made possible by the Internet have contributed to ________
A) decreased consumer price sensitivity
B) increased consumer price sensitivity
C) a less direct relationship between supply and demand
D) low brand equity for luxury goods
E) decreased brand loyalty
B
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Describe franchising.
What will be an ideal response?
ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable cost per unit are tabled here. Determine the most cost-effective process for an expected annual production volume of 2,000 units.
a. Process A
b. Process B
c. Process C
d. cannot be determined
Jason Retail had the following balances and transactions during 2017
Beginning Inventory 10 units at $74 June 10 Purchased 20 units at $81 December 30 Sold 20 units December 31 Replacement cost $83 The company maintains its records of inventory on a perpetual basis using the FIFO inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2017 using the lower-of-cost-or-market rule. A) $810 B) $830 C) $1,660 D) $2,490
The law recognizes all of the following as fiduciary relationships except that of
a. lawyer or doctor, with client or patient. b. spouse with other spouse, regardless of the duration of the marriage. c. dating couples in a happy monogamous relationship. d. members of a general partnership in their dealings with each other related to the business of the firm.