Explain why NOT all products can use test markets.
What will be an ideal response?
Not all products can use test markets. Test marketing a service is very difficult because it is intangible and consumers can't see what they are buying. For example, how do you test market a new building for an art museum? Similarly, test markets for expensive consumer products such as cars or costly industrial products such as jet engines are impractical. For these products, reactions of potential buyers to mockups or one-of-a-kind prototypes are all that is feasible.
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In a statement of cash flows prepared using the direct method, if wages payable increased during the year, the cash paid for wages would be
a. the same as salary expense. b. salary expense plus wages payable at the beginning of the year. c. salary expense plus the increase in wages payable from the beginning to the end of the year. d. salary expense less the increase in wages payable from the beginning to the end of the year.
The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corresponding amounts: Assets = $36,000; Liabilities = ?; Common Stock = $6600; Revenue = $14,200; Dividends = $1550; Beginning Retained Earnings = $4550; Ending Retained Earnings = $8600.What was the amount of total liabilities reported on the balance sheet as of the end of the current year?
A. $13,150. B. $24,850. C. $20,800. D. $11,150.
The perception of looking like and acting like a successful company can help a new small business build legitimacy.
Answer the following statement true (T) or false (F)
Crashing refers to an unanticipated delay in a critical path activity that causes the total time to exceed its limit
Indicate whether the statement is true or false