Internal marketing is more important for goods manufacturers than service firms

Indicate whether the statement is true or false
a. True
b. False


ANSWER: False

It is critical that service firms practice internal marketing, which means treating employees as customers and developing systems and benefits that satisfy their needs. While this strategy may also apply to goods manufacturers, it is even more critical in service firms.

Business

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Calculate the contribution margin ratio. (Round your answer to two decimal places.)

Peeler's Smoothie Company has provided the following information:

A) 120%
B) 20%
C) 45.45%
D) 54.55%

Business

The direct labor rate variance is the difference between the standard hours allowed and the actual hours multiplied by the actual labor rate

Indicate whether the statement is true or false

Business

One of the primary values of convertible debt is that it is attractive to investors because:

a. their risk of loss is minimized b. they will be repaid for the loan when the company is successful c. they may be entitled to discounts on the share price d. they will be the first to own stock in your company

Business

Compute IQR for the following data. 10 15 17 21 25 12 16 11 13 22

a. 6.25 b. 7.75 c. 5.14 d. 9.50

Business