While many developing countries are attractive to companies seeking out low labor costs, there are other important factors such as productivity levels, employee skill and education levels, turnover rates, and employment trends that certain industries find just as important, if not more important, in determining facilities' location
a. True
b. False
Indicate whether the statement is true or false
True
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Ingredient branding involves:
A) placing one brand within another B) developing a new brand to be sold in a category where the firm already has a brand C) a joint venture of two brands in one product D) marketing two brands together to encourage co-consumption
Susan Lefferts' company advertises widely. Ms. Lefferts uses business reply cards attached to her company's magazine ads to build her company's database. In which of the following ways would Ms. Lefferts most likely use the database?
A) to deepen customer loyalty B) to reactivate customer purchases C) to avoid serious customer mistakes D) to determine if up-selling is appropriate E) to identify prospects
When you face writer's block, you should minimize distractions by closing web browsers and leaving your smartphone in another room
Indicate whether the statement is true or false
Midtown Retail operates a retail store in Kansas City, MO., and St. Louis, MO. The following information relates to the Kansas City facility: · The store sold 65,000 units at $18.00 each, after having purchased the units from various suppliers for $12.50. Kansas City salespeople are paid a 5% commission based on gross sales dollars.· Kansas City's sales manager oversees the placement of local advertising contracts, which totaled $54,000 for the year. Local property taxes amounted to $14,500.· The sales manager's $65,000 salary is set by Kansas City's store manager. In contrast, the store manager's $134,000 salary is determined by Midtown's vice president.· Kansas City incurred $6,800 of other noncontrollable costs.· Nontraceable (common) corporate overhead totaled $68,000.Midtown's
corporate headquarters is located in St. Louis, and the company uses responsibility accounting to evaluate performance.Required: Prepare a segmented income statement for the Kansas City store, being sure to disclose the segment contribution margin, the segment controllable profit margin, and segment profit margin. What will be an ideal response?