At a minimum, the price of a product or service must cover
A. the owner’s expected return on investment.
B. the cost of bringing it to customers.
C. all costs of the business plus the profit margin.
D. production and distribution costs.
Answer: B
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The buyer can change the purchased quantity based on the updated demand forecasts for the product under the ______ contract.
A. buyback B. quantity-flexibility C. revenue-sharing D. fixed-price
Which of the following statements is true with regard to deciding the number of customers to target for the venture reality check?
a. You must select a large enough sample to be statistically significant b. You should talk to at least 50 people c. There is no magic number of potential customers with whom you should communicate d. None of the above statements is true
In the context of investing in your career, securing an internship during your college years:
A. reduces the chances of receiving monetary compensation from firms. B. allows you to gain first-hand experience that supplements what you learn in the classroom. C. reduces your prospective starting salary as internships are not valued by firms. D. leads to a cut in your college grades as internships require you to miss classes.
Internal control of cash receipts aims to ensure that all cash received is properly recorded and deposited.
Answer the following statement true (T) or false (F)