Assigning costs to cost objects
A) provides information for decision making.
B) can be accomplished in a number of ways.
C) can be a simple or complex process.
D) do all of these.
D
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Rivalry among existing competitors refers to the ability of buyers to affect the price they must pay for an item.
Answer the following statement true (T) or false (F)
The introduction of new technologies is equally beneficial to all industries
Indicate whether the statement is true or false
The design engineer's preliminary estimate of a product's design, production, and distribution costs is $1,550 per unit. Market research shows potential customers are willing to pay up to $1,989 for the product. If the desired profit is 40 percent of target cost, should the company make the product?
A) No, the market price only allows for a 28% profit at this cost. B) Yes, with only slight modifications to cost. C) Yes, the desired costs and profit are right on target. D) Yes, the market price will allow for a profit that exceeds the target.
Which of the following situations is a contractual sales force best suited for?
A) long-term sales boosts B) introductory life cycle stage C) stable markets D) long sales cycles