Compare and contrast a conventional channel with a vertical marketing system (VMS)
What will be an ideal response?
A conventional channel consists of one or more independent producers, wholesalers, and retailers. The channel is self-regulating according to market forces. On the other hand, a vertical marketing system is a unified system made up of producers, wholesalers, and retailers. While members of a conventional distribution channel work independently, members of a vertical marketing system all cooperate because either one member has acquired or developed the others.
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If fixed costs cannot be reduced, how much reduction in variable costs will be needed to achieve the desired target?
Ignite Products is a price-taker. The company produces large spools of electrical wire in a highly competitive market; thus, it uses target pricing. The current market price of the electric wire is $700 per unit. The company has $3,000,000 in average assets, and the desired profit is a return of 8% on assets. Assume all products produced are sold. The company provides the following information:
A) $240,000
B) $14,000,000
C) $9,440,000
D) $79,200,000
The conditions associated with the "labor problem" were made possible in part due to a prevailing management attitude that labor was:
A. A valued resource that should be carefully managed. B. An interchangeable and expendable factor of production. C. Fully capable of speaking out for itself. D. Protected by existing labor laws.
Data for Martin Corp and Tante, Inc follow
Martin Tante Net Sales $25,000 $32,500 Cost of Goods Sold 18,500 22,360 Other Expenses 2,150 5,000 Net Income $4,350 $5,140 Prepare a comparative common-size income statement for each company for the year ending December 31, 2017. Round to two decimal places. Use a multi-step format for the income statement. What will be an ideal response
The purpose of a Chapter 11 bankruptcy is to distribute all of the debtor's assets as efficiently as possible
a. True b. False Indicate whether the statement is true or false