Explain the difference between a full-line product strategy and a limited-line product strategy
What will be an ideal response?
A company using a full-line product strategy will offer a wide variety of product lines within its product portfolio, while a company using a limited-line product strategy will focus on only one or a few product lines.
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Which of the following budgets should be prepared before the others listed?
a. Cost of goods manufactured budget b. Cash budget c. Production budget d. Overhead budget
Reports are written to
A) External audiences. B) Internal audiences. C) A and B.
Which of the following statements about action plans is true?
A. Action plans should not be constrained by a time frame in order to allow for modification. B. Action plans should hold employees accountable for the implementation. C. Action plans should permit a degree of autonomy to managers and not be constrained by budgets. D. Action plans must be specific so that managers have a clear understanding of the resource requirements necessary to implement the plan.
Violations of Sections 1 and 2 of the Sherman Act by an individual can result in:
a. up to 10 years in prison b. a fine of $1 million c. a fine of $5 million d. both a and b are correct e. both a and c are correct