The difference between exchange value and use value surfaces when one firm acquires another.

Answer the following statement true (T) or false (F)


True

Business

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The point where the profit line intersects the left vertical axis on the profit-volume chart represents:

A) the maximum possible operating loss B) the maximum possible operating income C) the total fixed costs D) the break-even point

Business

When CarMax promises a "no-haggle" pricing structure, it exhibits ________ because it provides additional value to potential used car buyers by making the process simple and easy.

A. a competitor orientation B. a status-quo pricing structure C. consumer parity D. competitive parity E. a customer orientation

Business

The U.S. government collects and publishes data by ________ codes-groups of firms in similar lines of business.

A. MFG LIST B. NAPCS C. JIT D. PRIZM USA E. NAICS

Business

Olivia and her spouse have saved $4,500 for a 12-day cruise vacation in Europe

The couple needs $5,000 for a "nice" cabin or $6,000 for a "luxury" cabin. If cabin prices are expected to remain constant for the next three years and Olivia expects to earn 6% per year on her investments, will the couple's savings be enough to afford the "nice" cabin in three years? Can they afford the luxury cabin? Why or why not? A) Yes, they can afford the "nice" cabin or the luxury cabin because their $4,500 investment will increase to $6,360 by the end of year three. B) Yes, they can afford the "nice" cabin or the luxury cabin because their $4,500 investment will increase to $5,360 by the end of year three. C) Yes, they can afford the "nice" cabin but NOT the luxury cabin because their $4,500 investment will only increase to $5,360 by the end of year three. D) No, they cannot afford the "nice" cabin or the luxury cabin because their $4,500 investment will only increase to $4,950 by the end of year three.

Business