Knowledge of the exchange rate is necessary to apply the money measure concept in case of international transactions
Indicate whether the statement is true or false
True
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Sonic Shack, an audio equipment retailer, signs an agreement with PineWire, a renowned electronics company, to sell PineWire products
The deal requires Sonic Shack to provide PineWire products with superior displays, shelf space, and promotion compared to competing products. Sonic agrees to these terms as PineWire products command a huge share in the market. Which of the following types of channel arrangements do PineWire and Sonic Shack most likely have? A) administered vertical marketing system B) corporate vertical marketing system C) indirect marketing system D) wholesaler franchise system E) horizontal marketing system
When comparing influence and power, influence can be thought of as
A. the potential to alter attitudes. B. an offensive posture. C. power in action. D. "power over" the other party.
Sherman Hats, Inc has two product lines—batting helmets and football helmets
The income statement data for the most recent year is as follows: Total Batting Helmets Football Helmets Sales revenue $930,000 $600,000 $330,000 Variable costs (550,000 ) (250,000 ) (300,000 ) Contribution margin $380,000 $350,000 $30,000 Fixed costs (172,000 ) (80,000 ) (92,000 ) Operating income (loss) $208,000 $270,000 $(62,000 ) Assuming the football helmets line is dropped, total fixed costs remain unchanged, and the space formerly used to produce the line is rented for $110,000 per year, how will operating income be affected? A) Operating income will increase by $80,000. B) Operating income will increase by $30,000. C) Operating income will decrease by $30,000. D) Operating income will decrease by $80,000.
The FTC may consider an act unfair if it simply violates public policy.
Answer the following statement true (T) or false (F)