In developing marketing strategies, why is price often the most challenging of the four Ps to manage?
A. because most managers feel it is the least important element of the marketing mix
B. because managers don't understand the relationship between benefits and costs
C. because it is difficult to calculate markups for products
D. because it is the least understood element of the marketing mix
E. because it has to be based on the promotion budget for the product
Answer: D
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The ending inventory balance represents
a. Expired costs and is reported on the balance sheet as an asset. b. The cost of goods sold during the current period and is reported on the balance sheet as an asset. c. Expired costs and is reported on the income statement as an expense d. Unexpired costs and is reported on the balance sheet as an asset.
Authorization for a cash disbursement occurs in the cash disbursement department upon receipt of the supplier's invoice
Indicate whether the statement is true or false
A debt backed by some physical asset other than land, such as machinery, equipment, or inventory, is termed ________.
A. chattel mortgage loan B. intermediate-term security C. trade credit D. preferred equity
An asset management account that moves any unused balance in the brokerage account into a money market investment at the end of each business day is called a(n)
A) sweep account. B) accelerated management account. C) money market fund. D) secondary market.