When considering the best channel to use, all of the following are true with regard to larger firms except they
A. can use an extensive product mix as a competitive tool.
B. may be better able to negotiate better deals with vendors or other channel members.
C. may have more distribution centers.
D. may have the resources to develop their own sales force.
E. may be better suited to serve customers in a particular region.
Answer: E
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Describe the elements of a formal business plan
What will be an ideal response?
[The following information applies to the questions displayed below.] Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company purchased inventory items as follows:PurchaseNo. of ItemsCost1 200 $9.00 2 150 $9.30 3 50 $10.50 Glasgow sold 220 units after purchase 3 for $17.00 each. What is Glasgow's cost of goods sold under FIFO?
A. $2,310 B. $1,650 C. $2,100 D. $1,860
Which statement about transfer batch sizes is BEST?
A) Transfer batches are the same size as process batches when arriving at a bottleneck. B) Transfer batches are the same size as process batches when departing from a bottleneck. C) Transfer batches are a convenient way to increase lead time. D) Transfer batches can be as small as one unit.
Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a. The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. b. Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. c. The ending finished goods inventory equals 20% of the following month's sales. d. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound. e. Regarding raw materials purchases, 30% are paid for in the
month of purchase and 70% in the following month. f. The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours. g. The variable selling and administrative expense per unit sold is $3.40. The fixed selling and administrative expense per month is $80,000. The budgeted required production for May is closest to: A. 15,360 units B. 13,260 units C. 10,500 units D. 11,160 units