Which of the following is TRUE of brokers?
A) Brokers represent buyers or sellers on a permanent basis.
B) Most brokers are hired by sellers and work for a salary.
C) Brokers bring buyers and sellers together and assist in negotiation.
D) Selling brokers have contractual authority to sell a manufacturer's entire output.
E) Brokers assume title and risk from the time an order is accepted to its delivery.
C
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Benjamin 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. Fixed Element per MonthVariable Element per Container RefurbishedRevenue $5,400Employee salaries and wages$58,300 $1,000Refurbishing materials $700Other expenses$31,200 When the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers were actually refurbished during March.The amount shown for total expenses in the planning budget for March would have been closest to:
A. $128,600 B. $133,700 C. $143,226 D. $126,700
A research scientist has observed the monkeys of the Nandi Hills outside of Bangalore for the last twenty years, carefully cataloging their preferences for a number of food items. An unsuspecting tourist leaves his can of soda unattended
Describe the type of probability the research scientist can assign to the likelihood that the soda will become the monkey's next meal. Then contrast this type of probability with the other of the two basic types.
The St. Louis Symphony is an example of which type of organizational customer?
A. resident buyer B. nonprofit C. intermediary D. wholesaler E. government
Amazon is an example of a company that used the differentiation strategy to enter the market. The differentiation features included
A. traditional delivery logistics. B. traditional back office logistics. C. exceptional customer service. D. minimal customer service.