During a period of low inflation, there is nothing businesses can do to increase their profit margins.
Answer the following statement true (T) or false (F)
False
In times of low inflation, businesses that seek to increase their profit margins can do so only by increasing their efficiency. If they significantly increase prices, no one will purchase their goods or services. The Great Recession brought inflation rates to almost zero.See 4-5c: Inflation.
You might also like to view...
The adjustment for estimated income taxes would include a
a. credit to Income Taxes Payable. b. debit to Unearned Income Taxes. c. credit to Income Taxes Expense. d. credit to Cash.
Answer the following statements true (T) or false (F)
1. There is no best leadership style; leadership style needs to fit the type of employee being managed. 2. Ethical leadership means trying not to discipline or fire employees. 3. When a manager’s position changes and her title changes from “department head” to “vice president,” she has increased in legitimate power. 4. Ethical behavior in a manager’s private life is mostly irrelevant to employees’ view of him or her as an ethical manager. 5. If an employee has an ethical leader, it has been shown that she is more likely to exhibit moral courage.
The sales director of RealPlan has developed a sales team training session to address the differences between consumer and business buyers. Which of the following is a true statement that should be included in the training session?
A) In business sales, the initial contact is almost never the actual purchaser. B) In business sales, more than one person may be involved in the purchasing decision. C) In consumer sales, emotion plays a more significant role than logic in decision making. D) In consumer sales, a new-task buy is the most common type of purchasing situation. E) In consumer sales, even low-cost items involve significant consumer involvement.
Employees stricken with cancer, diabetes, or epilepsy are considered individuals with a disability under Americans with Disabilities Act (ADA) provisions
Indicate whether the statement is true or false