“We will be the easiest pharmacy retailer for customers to use” is an example of an organization’s __________.
a. Strategy
b. Competitive priority
c. Mission statement
d. Statement of belief
c. Mission statement
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________ is the concept that a customer will adopt an innovation only if he or she considers it to be an improvement over the current product being used to satisfy the same need
A) Observability B) Planned obsolesence C) Relative advantage D) Need recognition
Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May: Units Work in process, May 1 15,000 Units started during May 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000 Total Direct Materials Conversion CostsCosts: Work in process, May 1$41,250 $16,500 $24,750 Costs incurred during May 234,630 72,000 162,630 Totals$275,880 $88,500 $187,380 Using the weighted-average method of process costing, the cost per unit
of direct materials is: A. $1.17. B. $1.20. C. $1.18. D. $1.28. E. None of the answers is correct.
________ refers to how positive a person's ________ is
A) Personality; psychography B) Affect; attitude C) Attitude; affect D) Self-concept; self-esteem E) Self-esteem; self concept
Which ownership and management alternative is simple to form, fully controlled by the owner, and subject to single taxation by the government?
a. corporation b. sole proprietorship c. partnership d. franchising