A niche specialist that specializes in one type of customer, like a value-added reseller that customizes computer hardware and software for a specific customer segment and earns a price premium in the process, is a(n) ________ specialist
A) geographic
B) quality-price
C) product-feature
D) end-user
E) channel
D
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The Dear Dairy Cheese Company completed the flexible budget analysis for the second quarter, which is given below.
Which of the following statements would be a correct factor to explain the flexible budget variance for fixed costs?
A) decrease in sales price per unit
B) increase in variable cost per unit
C) increase in sales volume
D) increase in fixed costs
Which of the following steps can be used to solve a linear programming (LP) model graphically?
a. Graph the area of feasible solutions b. Graph the objective function c. Identify the coordinates for the optimal point d. Identify the value of the objective function at the optimal solution e. All of the above Chapter 3
A cost that changes with the level of output is called a(n) _____ cost.
A. liquidity B. variable C. fixed D. asset E. elastic
Statisticians who specialize in estimating the probability of death based on personal characteristics are called
A) morbidity analysts. B) actuaries. C) insurance analysts. D) morbidity statisticians. E) none of the above.