Promotional programs are directed at all of the following EXCEPT:
A. the retailer.
B. the competition.
C. the ultimate consumer.
D. the wholesaler.
E. the industrial distributor.
Answer: B
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Jon Winek started the year with a capital balance of $135,000. During the year, his share of partnership net income was $120,000 and he withdrew $22,500 from the partnership for personal use. He made an additional capital contribution of $37,500 during the year. The amount of Jon Winek’s capital balance that will be reported on the year-end balance sheet will be
a. $120,000.
b. $292,500.
c. $225,000.
d. $270,000.
In the context of the five phases in the life of an organization, identify a true statement about the period of growth in phase 2?
A. People are likely to work long hours for low pay in anticipation of future benefits. B. Groups and interdivisional teams perform tasks and solve problems. C. Responsibilities are divided between upper-level policymakers and lower-level specialists. D. Greater responsibility is given to lower-level leaders than higher-level responsibility.
Lenart Corporation has provided the following data for its two most recent years of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$70,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$83,000 Year 1Year 2Units in beginning inventory01,000Units produced during the year10,0007,000Units sold during the year9,0006,000Units in ending inventory1,0002,000The unit product cost under absorption costing in Year 2 is closest to:
A. $23.00 B. $10.00 C. $33.00 D. $39.00
________ cannot determine how effective a company's current strategy is working.
A. The firm's image and reputation with its customers B. Evidence of improvement in internal processes such as defect rate, order fulfillment, delivery times, days of inventory, and employee productivity C. Whether it has a larger number of competitive assets than competitive liabilities and whether it has a superior quality product D. Whether its profit margins are rising or falling and how large its margins are relative to those of its rivals E. Whether the company's sales are growing faster, slower, or about the same pace as the industry as a whole, thus resulting in a rising, falling, or stable market share