A major competitive advantage of independent retailers is _____
a. a good fit with other owned units
b. flexibility in devising retail strategy
c. quantity discounts in purchasing
d. specialization of retail functions
b
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The total production costs at Kellner Machine Works are $87,000 out of which $45,000 represent fixed costs. Which of the following is representative of the variable costs incurred by the company?
A) $35,000 B) $42,000 C) $45,000 D) $87,000 E) $132,000
Talking headings are preferred in business reports because they tell about the content of the sections and reveal any conclusion(s) presented in the sections
Indicate whether the statement is true or false
Which of the following statements regarding a 15-year (180-month) $125,000, fixed-rate mortgage is CORRECT? (Ignore taxes and transactions costs.)
A. The remaining balance after three years will be $125,000 less one third of the interest paid during the first three years. B. Because the outstanding balance declines over time, the monthly payments will also decline over time. C. Interest payments on the mortgage will increase steadily over time, but the total amount of each payment will remain constant. D. The proportion of the monthly payment that goes towards repayment of principal will be lower 10 years from now than it will be the first year. E. The outstanding balance declines at a faster rate in the later years of the loan's life.
Which of the following is NOT a source of customer expectations?
A. Sales promises B. Word-of-mouth communications C. Pricing D. Target market E. Advertising