While researching the possible impact of economic conditions on a proposed new product introduction on the Internet, you find an article in Bloomberg Business Week online that reviews how new products have fared during times of rising inflation. Which of the following sources of secondary data does this scenario exemplify?
A. general knowledge sites
B. market research organizations
C. focus groups
D. government sources
E. in-depth interviews
Answer: A
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Continual training is necessary to update knowledge and skills in firms of all sizes.
Answer the following statement true (T) or false (F)
A laptop that is purchased for a graphic design studio is considered an industrial product
Indicate whether the statement is true or false
Sadiq is presenting a classroom speech on the techniques archeologists use in their digs when an artifact has been discovered. Sadiq brings some archeological tools to show during his presentation. What other presentational aids would be helpful?
a. flipcharts b. photographs c. graphs d. audio clips
Pharma Pesticides Corp. uses the sales forecast to plan production. The company produces the bug killer "2K Spray" one month in advance of the forecasted sale
The January sales forecast of 380 units will be scheduled for December production. However, the company also notes that sales forecasts and actual sales can differ, and the company has a policy of having 10% in inventory to accommodate sales above forecast. Raw materials for 2K Spray are acquired the month ahead (in this case, November). Wages are paid in the current month of production (December). Utilities are paid a month after production (January), and shipping is paid a month after the sale (two months after production, February). Finally, an inventory count reveals that there are currently 30 units on hand above the projected sales for November (at the start of November when the raw material order is placed). Unit production costs are $500 for raw materials, $300 for wages, $200 for utilities, and $100 for shipping. Determine the month of cash outflow for a December production. What would you need to determine January's cash outflow? What would complicate this process? What will be an ideal response?