Which of the following is true about the demand curve?
A) It is used to illustrate the effect of price on the quantity supplied.
B) It is always graphically depicted by a straight line.
C) It shows the quantity of product customers will buy in a market during a period of time even if other factors change.
D) It usually slopes upward and to the right.
E) It shows the relationship between product demand and product price.
E
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Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment; these forces are
A. the threats of new entrants and the bargaining power of buyers and suppliers. B. the threats of substitute products and the services and competitive rivalries. C. the threats of new entrants and substitute products or services, the bargaining power of suppliers and buyers, and competitive rivalries. D. the threats of government paperwork and tax increases, the bargaining power of suppliers, and competitive rivalries. E. the bargaining power of suppliers.
The potential for negative publicity caused by inappropriate actions of celebrities has led some advertisers to use deceased celebrities
Indicate whether the statement is true or false
A decrease in accounts receivable during a period indicates that a firm collected more ____________________ as the amount of revenues included in net income
Fill in the blank(s) with correct word
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 unitsOn December 31, there were 26 units remaining in ending inventory. Using the periodic FIFO inventory costing method, what is the value of cost of goods sold? (Assume all sales were made on the last day of the month.)
A. $3,270. B. $5,130. C. $8,670. D. $5,400. E. $3,540.