When a large firm has several different kinds of products, product managers or brand managers may be put in charge of each one.

Answer the following statement true (T) or false (F)


True

When a large firm has several different kinds of products, product managers or brand managers are sometimes made responsible for the profitable operation of a particular product's whole marketing effort.

Business

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Johns Company operates in three different industries each of which is appropriately regarded as a reportable segment. Segment No. 1 contributed 60 percent of Johns Company's total sales. Sales for Segment No. 1 were $500,00 . and total variable costs were $400,000 . Total common costs for all segments were $320,000 . Johns allocates common costs based on the ratio of each segment's sales to the

total sales. What should be the contribution margin presented for Segment No. 1? a. $(100,000) b. $ 8,000 c. $ 20,000 d. $ 100,000

Business

A chain with 100 stores is currently opening between 7 and 10 stores per year. What performance measure most accurately reflects continuing sales productivity?

a. total sales b. sales increase on a year-to-year basis c. compound sales growth d. sales per square foot in stores open one year or more

Business

Organizational transactions tend to be ____________________ frequent than the typical consumer purchase.

Fill in the blank(s) with the appropriate word(s).

Business

A holder of a life estate has which of the following duties?

A) Keep the property in repair B) Pay the property taxes on the property C) Both A and B D) Neither A nor B

Business