In using the variable cost concept of applying the cost-plus approach to product pricing, fixed manufacturing costs and both fixed and variable selling and administrative expenses must be covered by the markup
Indicate whether the statement is true or false
False
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CRM software is designed to manage all the data related to customers, such as marketing, field service, and contact management data
Indicate whether the statement is true or false
Portfolio management matrices are applied to what level of strategy?
A. international level B. departmental level C. business level D. corporate level
Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.5%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Woodburn Bank also offers to lend you the $50,000, but it will charge an annual rate of 7.0%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by Woodburn versus the rate charged by Southwestern?
A. 0.52% B. 0.44% C. 0.36% D. 0.30% E. 0.24%
Products Square, Rect, Tri, and Quatro have contribution margins of $5, $8, $6, and $4, respectively, and require 3.5, 2.5, 2, and 3 machine hours per unit, respectively. Assuming that all units produced could be sold and that total machine hours per month are limited, on which product should the company concentrate its efforts?
A) Square B) Rect C) Tri D) Quatro