What are the four target elements of change?
What will be an ideal response?
Answer: People, Social factors, Methods, and Organizational arrangements
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A marketing audit covers the marketing organization and its systems and strategies, rather than the macroenvironment
Indicate whether the statement is true or false
Currently the cost structure is such that the company cannot achieve its profit objective and must cut costs. If variable costs cannot be reduced, how much reduction in fixed costs will be needed to achieve the desired target? Show all computations.
Dynamo Company is a price-taker. The company produces generators in a highly competitive market; thus, it uses target pricing. The current market price is $600 per unit. The company has $18,500,000 in average assets, and the desired profit is a return of 8% on assets. Assume all products produced are sold. The company provides the following information:
Which of the following statements is true about the relationship between civil law systems and common law systems?
A) They are polar opposites which have not yet been reconciled by legal scholars. B) They are most evident in Islamic nations. C) They are tending to merge, as judges in civil law countries take greater note of case law in their decisions. D) Hindu law makes use of common law, but it chooses to ignore cases that would be considered precedents under a civil-law system.
What is financial leverage?
A. The presence of fixed operating costs that do not change when the level of sales changes B. The portion of dividend paid out to the common stockholders C. The risk associated with a firm's operations, ignoring any financing effects D. The combination of debt and equity used to finance a firm E. The extent to which fixed-income securities are used in a firm's capital structure