On March 1, Bartholomew Company purchased a new stamping machine with a list price of $87,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $3000; sales tax paid, $6520; installation costs, $1850; routine maintenance during the first month of operation, $2900. What is the cost of the machine?
A. $96,920
B. $92,170
C. $94,020
D. $82,650
Answer: C
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There are five principal characteristics that will make a market segment particularly attractive for targeting. Four of these are: 1) it has sufficient current and potential sales and profits, 2) it has the potential for sufficient future growth, 3) it does not have excessive barriers or costs to entry or exit, 4) it has some relatively unsatisfied needs that the company can serve particularly well. What is the fifth?
a. it does not comprise of difficult customers b. it is not overly competitive c. it is well documented d. it is well established e. other companies are already making good profits there
All of the following factors directly influence consumers' level of involvement in the purchase process EXCEPT:
A. consumer's age B. previous experience with the product C. perceived risk of negative consequences D. social visibility of the purchased item E. perceived risk of negative consequences as a result of the purchase
In a recent year Walmart reported total asset turnover of 2.44 whereas Target reported total asset turnover of 1.84. One interpretation of this is that Walmart managed its assets more efficiently than did Target. Can you think of another reason that might explain the difference in turnover ratios that does not imply that Target managers are performing poorly relative to their peers at Walmart?
What will be an ideal response?
The large businesses operating in an oligopoly benefit from lower costs as the number of customers they serve increases. What is the term for this dynamic?
A) the equilibrium price point B) perfect competition C) producer sovereignty D) economies of scale E) managed competition