What is a product-by-value analysis, and what type of decisions does it help managers make?
What will be an ideal response?
A product-by-value analysis lists products in descending order of their individual dollar contribution to the firm, as well as the total annual dollar contribution of the product. It helps managers evaluate possible strategies for each product. The report may also tell management which product offerings should be eliminated and which fail to justify further investment in research and development or capital equipment. The product-by-value report focuses management's attention on the strategic direction for each product.
You might also like to view...
Grinn, Inc offers terms of 2/10, n/30 to credit customers. Great Buy Corp purchased 100 tile cutters with a list price of $20 each on March 5, 2016, on account. If Great Buy Corp pays the amount of the invoice for its purchase on March 14, 2016, how much cash will Grinn receive from Great Buy Corp?
a. $1,764 b. $2,000 c. $1,800 d. $1,960
Use of activity-based costing and activity-based management requires
a. the creation of an environment for change in an organization. b. elimination of all non-value-added activities in an organization. c. that company processes be automated and the use of direct labor be minimal. d. each process be fully mapped and all activities be identified as value-added or non-value-added.
Trades on the NYSE are generally completed by having a brokerage firm acting as a "dealer" buy securities and adding them to its inventory or selling from its inventory. The NASDAQ, on the other hand, operates as an auction market, where buyers offer to buy, and sellers to sell, and the price is negotiated on the floor of the exchange.
Answer the following statement true (T) or false (F)
An agreement to form an agency relationship can be oral.
Answer the following statement true (T) or false (F)