A gray market refers to
A. a once active and powerful market that is rapidly becoming the bottom of the barrel.
B. the willingness of one party to accept gifts in exchange for better prices or price allowances.
C. a situation where products are sold through unauthorized channels of distribution.
D. a pricing structure that is based upon haggling that is considered acceptable in some countries but not others.
E. the segment of products specifically designed for the need of older buyers.
Answer: C
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"True is better than new" is one of the truths of
A. scientific management. B. the human relations movement. C. operations management. D. evidence-based management. E. management science.
Which of the following is true with regard to price fixing?
A) Price fixing is a reasonable violation of Section 1 of the Sherman Act. B) Price fixing is a process seen exclusively among sellers of goods and services. C) Price fixing is permissible as it helps consumers or protects competitors from ruinous competition. D) Price fixing also involves fixing the quantity of a product or service to be produced or provided.
Another way to evaluate a corporate venture is in terms of the four criteria from the balanced scorecard. Which of the following is not one of those criteria?
A. financial perspective B. customer perspective C. supplier perspective D. internal business perspective
Consider the information below from a firm's balance sheet for 2013 and 2014
Current Assets 2014 2013 Change Cash and Equivalents $1,561 $1,800 -$ 239 Short-Term Investments $1,052 $3,010 -$1,958 Accounts Receivable $3,616 $3,129 $ 487 Inventories $1,816 $1,543 $ 273 Other Current Assets $ 707 $ 601 $ 106 Total Current Assets $8,752 $10,083 -$1,331 Current Liabilities Accounts Payable $5,173 $5,111 $ 62 Short-Term Debt $ 288 $ 277 $ 11 Other Current Liabilities $1,401 $1,098 $303 Total Current Liabilities $6,862 $6,486 $ 376 What is the Net Working Capital for 2014? What is it for 2013? What is the Change in Net Working Capital (NWC)? Assuming the Operating Cash Flows (OCF) are $7,155 and the Net Capital Spending (NCS) is $2,372, what is the Cash Flow from Assets? What will be an ideal response?