Describe the three marketing orientations
What will be an ideal response?
• Product orientation (Build a better mousetrap and customers will beat a path to your door)
• Sales orientation (persuasion)
• Target audience-centered orientation (based on the needs and wants of the target audience)
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Inventory turnover is ______.
A. a measure of how frequently a business sells its inventory in a given time period B. calculated as the ratio of the cost of goods sold to the average manufacturing cost C. calculated as the ratio of the cost of goods returned by customers to cost of goods sold to customers D. calculated as the product of the cost of goods returned by customers to cost of goods sold to customers
Who has the responsibility for marking "consumer note" on a promissory note used in a consumer transaction?
A) The vendor B) The bank C) The holder in due course D) third party receiving the note E) The purchaser
Conversion costs include the costs of purchasing and converting raw materials into finished products
Indicate whether the statement is true or false
The investee company in a long term investment with controlling interest is called the:
A. Subsidiary. B. Creditor. C. Senior entity. D. Parent. E. Owner.