__________multiplied by the number of units sold equals total revenue for the firm
Fill in the blanks with correct word.
ANSWER: Price
Price is an important competitive weapon, and is very important to the organization because price multiplied by the number of units sold equals total revenue for the firm.
You might also like to view...
Opunui Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MoldingFinishingTotalEstimated total machine-hours (MHs) 4,000 1,000 5,000Estimated total fixed manufacturing overhead cost$19,600$2,400$22,000Estimated variable manufacturing overhead cost per MH$1.10$2.10 During the most recent month, the company started and completed two jobs-Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job AJob MDirect materials$13,600$7,500Direct labor cost$20,700$7,400Molding machine-hours 2,700 1,300Finishing machine-hours 400 600Assume that the company uses a plantwide predetermined manufacturing overhead rate based on
machine-hours. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places.) A. $7,500 B. $7,400 C. $25,730 D. $10,830
Julio Melara, top seller and motivational speaker, feels that growth and success are facilitated by having:
A) plenty of luck, and the ability to act on it B) strong mentors who spend time with you C) natural talent, and the discipline to maximize it D) written goals, both personal and professional E) a strong organization in which to grow
What is supply chain management and why is it an important issue for a company's international competitiveness?
What will be an ideal response?
In high power distance cultures, there is a wider gap between the powerful and the powerless.
a. true b. false