Under U.S. commercial policy, which clause permits the modification of a trade liberalization agreement on a temporary basis if serious injury occurs to domestic producers as a result of the agreement?
a. adjustment assistance clause
b. escape clause
c. most-favored-nation clause
d. reciprocal-trade clause
b. escape clause
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Product repositioning refers to
A. using a market-product grid to place products in their appropriate places on that grid to identify potential untapped markets. B. the competitive advantage of one product over another. C. the practice of selling off a firm's least successful product line and redirecting that revenue into a totally new product. D. changing the place an offering occupies in consumers' minds relative to competitive products. E. the place a product offering occupies in consumers' minds on important attributes.
A defense available in an action based on a negligence theory is that the plaintiff failed to prove one or more of the required elements.
Answer the following statement true (T) or false (F)
White Sands Heavy Equipment Co. produces industrial equipment that it sells through its national sales force. Its sales reps often must negotiate with customers to match the low prices of foreign competitors. Apparently, the firm has
A. been violating the Robinson-Patman Act. B. an "F.O.B. seller's factory" price policy. C. a flexible-price policy. D. a status quo pricing objective. E. a skimming price policy.
Brong Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for MarchRevenue $5,900$108,300Employee salaries and wages$49,500 $900$66,000Refurbishing materials $500$9,500Other expenses$40,300 $39,800?When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March.?The revenue variance in the Revenue and Spending Variances column of a report
comparing actual results to the flexible budget for March would have been closest to: A. $21,500 F B. $21,500 U C. $2,100 U D. $2,100 F