Which of the following is true of vertical price-fixing?
A. It is an attempt by competitors to interfere with the market and control prices.
B. It is illegal per se for manufacturers to state a "suggested retail price" for their products.
C. It is not within the scope of Section 1 of the Sherman Act.
D. It is an attempt by manufacturers to control the resale price of their products.
Answer: D
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Pro Tool Company expects to produce 24,000 total units during the current period. The costs and cost drivers associated with four activity cost pools are given below:ACTIVITIES UNIT LEVEL BATCH LEVEL PRODUCT LEVEL FACILITY LEVELCost $50,000 $20,000 $10,000 $120,000Cost Driver 4,000 labor hrs 100 set ups % of use 24,000 units Production of 1,000 units of an auto towing tool required 800 labor hours and 12 setups and consumed 30% of the product sustaining activities. How much total overhead cost will be allocated to this product if the company allocates overhead using a single overhead allocation rate based on direct labor hours?
A. $100,000 B. $40,000 C. $10,000 D. $18,400
Typically, advertisers design ads in which the visual portion is incongruent with or contradicts the verbal information in order to
A. gain the attention of consumers. B. distract consumers from the negative aspects of the product. C. reinforce the primacy effect. D. get consumers to engage in more simplistic processing. E. enable consumers to draw their own conclusions.
A research process that provides the entrepreneur with key information about other firms in the same line of business as his or her, the current situation and trends is known as:
A. SWOT analysis. B. VRIO analysis. C. industry analysis. D. value chain analysis.
Miranda suggests to her company that they should introduce self-managed teams in order to
A. centralize management responsibilities. B. specialize team member skills. C. build a taller organizational hierarchy. D. increase workforce efficiency. E. simplify production processes.