How does the perpetual inventory system differ from the periodic inventory system in the determination of cost of goods sold?
Under the perpetual system, cost of goods sold is accumulated as sales are made. Under the periodic system, cost of goods sold is determined at the end of the period, when ending inventory is deducted from the cost of goods available for sale.
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The ________ attack offers the firm an opportunity to diversify into unrelated products, into new geographical markets, and leapfrogging into new technologies
A) bypass B) flank C) frontal D) guerrilla E) encirclement
An interview should be considered a two way conversation and the questions the candidate asks are as important as the answers they provide
Indicate whether the statement is true or false.
An American company makes a credit purchase of goods from a company in London for 1,000 British pounds. On the date of purchase, the exchange rate was $1.65 per pound. However, on the date of payment, the rate had declined to $1.60 per pound. As a result, the American company would record
A) an exchange gain of $50. B) an exchange loss of $1,600. C) an exchange loss of $50. D) no exchange gain or loss.
Which of the following are market challenger strategies?
A) expand total market and protect market share B) expand market share and follow closely C) full frontal attack and indirect attack D) follow closely and follow at a distance E) multiple niching and quality service