Which of the following firms is most likely to realize a competitive advantage through product/service differentiation?
A. A firm that sells its products at lower costs than its competitors
B. A firm that inhibits post-sale customer service relations
C. A firm that provides highly reliable products
D. A firm that solely relies on promotional strategies to increase its sales
Answer: C
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Which of the following is NOT a cash inflow from a financing activity?
a. proceeds from the issuance of stock b. interest received on loans made to outsider investors c. additional investments by the owners d. proceeds from a mortgage
Ari's Cafe began operations on March 1, 2015 . The corporate charter authorized the issuance of 3,000 shares of $2 par value common stock and 1,000 shares of $3 par value, 8% cumulative preferred stock. The company's fiscal year ends on February 28 . Ari's sold 500 shares of common stock at $6 per share on April 1 . What impact does the entry to record the April 1 transaction have on total
stockholders' equity? a. No effect b. Increase by $1,000 c. Increase by $3,000 d. Increase by $6,000
Which of the following statements is true of order-takers?
A. Their primary responsibility is stimulating the sales effort to convert prospects into customers. B. Their strength tends to be reliability in ensuring customer convenience. C. They are also known as hunters. D. They are less valuable to their firms than order-getters. E. They are salespeople who actively seek orders.
Mack Jacoby sells building supplies. His annual sales equal $450,000. His total fixed costs annually equal $75,000. The cost of goods sold annually is $335,000. Mack works an average of 240 days a year and 8 hours each day. Mack makes an average of five sales calls per day. Mack's break-even volume per hour is approximately:
A. $153.00 B. $256.00 C. $392.00 D. $119.00 E. $171.00