Market penetration strategies allow the firm to introduce new products to new customers, often including international markets.
Answer the following statement true (T) or false (F)
False
Market penetration strategies involve investing in existing customers to gain additional usage of existing products. Market development strategies allow for expansion of the firm's product line into heretofore untapped markets, often internationally.
You might also like to view...
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 43,000 shares authorized, 22,800 shares issued, and 17,200 shares of common stock outstanding. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $11,400; credit Common Dividends Payable $11,400. B. Debit Retained Earnings $8600; credit Common Dividends Payable $8600. C. Debit Common Dividends Payable $8600; credit Cash $8600. D. Debit Common Dividends Payable $11,400; credit Cash $11,400. E. Debit Retained Earnings $21,500; credit Common Dividends Payable $21,500.
Based on the following trial balance for Barry's Automotive Shop, prepare an income statement, statement of retained earnings, and a balance sheet. There were no additional stock issuances during the year. Barry's Automotive ShopTrial BalanceDecember 31Cash$ 12,500?Accounts receivable1,500?Supplies500?Repair shop equipment27,000?Service truck33,000?Accounts payable?$2,600Common Stock?30,000Retained Earnings?8,525Dividends36,000?Service revenue?125,000Supplies expense3,425?Rent expense18,000?Utilities expense5,000?Gas expense7,200?Wages expense22,000? Totals$166,125$166,125
What will be an ideal response?
The current trend is that outsourcing will not be an option to service desks in the future.
Answer the following statement true (T) or false (F)
Assume that you have a binomial experiment with p = 0.4 and a sample size of 150. The variance of this distribution is
A. 36. B. 6. C. 2.9. D. 216.