Margaret likes her morning coffee, and she always stops at Starbucks because it is on her way to work. Margaret is being influenced by the place element of the marketing mix.
Answer the following statement true (T) or false (F)
True
Place represents all the activities necessary to get the product to the right customer when that customer wants it.
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Although _____ systems vary in sophistication, all receive voice input from a microphone or telephone and process it with software.
A. solid-state storage B. sequential storage C. parallel processing D. speech recognition
If a firm produces more units than it sells, absorption costing, relative to variable costing, will result in
a. higher income and assets. b. higher income but lower assets. c. lower income but higher assets. d. lower income and assets.
During a period of steadily rising costs, the inventory valuation method that yields the highest reported net income is:
A. FIFO method. B. Average cost method. C. LIFO method. D. Weighted-average method. E. Specific identification method.
A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Retained earnings in the process of closing the Income Summary account? (Assume all accounts have normal balances.) Retained earnings$7750?Dividends 10,850?Revenue 31,000?Rent expense 3100?Salaries expense 7250?Insurance expense 345?Depr. Expense-equipment 520?Accum depr.-equipment 1560?
A. $34,285 credit. B. $21,345 credit. C. $19,785 credit. D. $8935 credit. E. $25,485 debit.