New products and services are mostly the sole responsibility of a single firm in the supply chain
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
In many cases, new products and services are not the sole responsibility of a single firm that serves as inventor, engineer, builder, marketer, and sales agent. Rather, they are often the product of a multi-company collaboration with multiple firms and business units playing unique roles in new-product development, testing, and launch activities, among others.
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Phan Company has not reported a profit in five years. This year the company would like to narrow its loss to $7,500. Assuming its selling price is $36.50 per unit and its variable costs per unit are $24, how many units must be sold to achieve its target given that total fixed costs are $60,000?
A. 1,439 B. 4,200 C. 1,600 D. 2,188
Compton Products Inc Compton Products Inc manufactures humidifiers. The company currently makes all of the electronic components for the humidifier itself. When 10,000 units are manufactured each year, the motor costs per unit are as follows: Direct materials $6 Direct labor 8 Variable overhead 7 Fixed overhead 9 McClintock Inc has offered to sell Compton 10,000 motors for $25 per unit. If
Compton accepts the offer, 75% of the fixed overhead currently allocated to the motors could be avoided. Refer to the Compton Products Inc information above. What are the relevant costs per unit of Compton making the motors themselves? A) $21.00 B) $23.25 C) $27.75 D) $30.00
Expropriation is one of the greatest risks companies take when they engage in international business
Indicate whether the statement is true or false
One of the first factors that increased the importance of human resource management was
a. the 1964 Civil Rights Act. b. the worker revolution. c. technological advances in computers. d. the increase in manufacturing. e. the growth in the service sector.