Which of the following is associated with the market development strategy?
a. Limiting the production of products
b. Increasing the prices of products
c. Adding new features to products
d. Limiting resources used for promotion
ANSWER: c
Market development means attracting new customers to existing products. Ideally, new uses for old products stimulate additional sales among existing customers, while also bringing in new buyers.
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All changes in long-term liabilities are reflected in the financing activities category of the statement of cash flows
a. True b. False Indicate whether the statement is true or false
Goods held on consignment are
A) kept for sale on the premises of the consignee. B) included as part of no one's ending inventory. C) owned by the consignee. D) included in the consignee's ending inventory.
In designing the organizational structure, management know two concerns, __________ and __________, run counter to each other.
A. earning profits; paying taxes B. geographic dispersion; profit rate C. hiring employees; reducing labor costs D. an effective way to departmentalize; coordinating activities E. sales growth; research and design expenditures
Which of the following is the purpose of the Federal Unemployment Tax Act?
A) The Act creates a state system that provides unemployment compensation to qualified employees who lose their jobs. B) The Act creates a state system through which any employee who has lost his or her job can receive compensation. C) The Act creates a federal system to provide unemployment compensation to employees who had resigned because they felt that they were underpaid. D) The Act creates a federal system through which any employee who has lost his or her job can receive compensation.