Effective promotion enhances a product or service's

A. wholesaling capabilities.
B. supply chain management system.
C. perceived value.
D. trialability.
E. design features.


Answer: C

Business

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Value pricing requires a company to reengineer its operations to become a low-cost producer

Indicate whether the statement is true or false

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According to the text, one of "The Seven Deadly Sins of Business Selling" is a lack of pushiness.

Answer the following statement true (T) or false (F)

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Operating budgets for the DiP Company reveal the following information: net sales, $400,000; beginning materials inventory, $23,000; materials purchased, $185,000; beginning work in process inventory, $64,700; beginning finished goods inventory, $21,600; direct labor costs, $34,000; overhead applied, $67,000; ending work in process inventory, $61,200; ending materials inventory, $18,700; and

ending finished goods inventory, $16,300 . Compute DiP Company's budgeted gross margin. a. $299,800 b. $293,800 c. $150,900 d. $100,900

Business

Kratzer Company designs and builds fire trucks. During May it had applied overhead of $105,000. Overhead is applied at the rate of 70% of direct labor cost. Direct labor wages average $10 per hour. How many direct labor hours did Kratzer company have for the month of May?

A) 15,000 B) 10,500 C) 1,500,000 D) 4,500 E) none of these

Business