In the economic order quantity model, ordering at the economic order quantity level implies that ______.
A. the total ordering and holding costs are equal
B. the total ordering costs are higher than the total holding costs
C. the total ordering costs are lower than the total holding costs
D. the total ordering costs are not equal to the total holding costs
A. the total ordering and holding costs are equal
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Use this information to answer the following question. The selected accounts and balances for Keystone Market appear as follows: Advertising Expense $ 14,000 Common Stock 100,000 Dividends 21,000 Freight-In 7,000 Freight-Out Expense 10,000 Interest Income 24,000 Merchandise Inventory (Jan. 1) 70,000 Merchandise Inventory (Dec. 31) 56,000 Purchases 60,000 Purchases Returns and Allowances 4,000
Rent Expense 9,000 Retained Earnings 40,000 Sales 151,000 Sales Returns and Allowances 19,000 Wages Expense 32,000 Gross margin from sales would be a. $62,000. b. $55,000. c. $74,000. d. $68,000.
Joelle bought a new Coach purse for herself as a birthday present. She had never spent that much on a purse, but decided it was worth it because it was so elegant. This demonstrates how a customer's perception of ________ can influence buying behavior.
A. utility B. competition C. exchange D. value E. place
The success of a(n) _____________ strategy depends on the degree to which the corporate brand is familiar with the market, and provides additional product quality information.
a. Diversification b. Endorsement c. Rebranding d. Penetration
Todos Ltd. agrees to supply United Steel, Inc., with minerals from Venezuela. When the government is unexpectedly overthrown in a revolution, Todos can obtain the goods only at a much higher price. United agrees to pay but later files a suit to recover the difference. The court will most likely rule that
A. a change in government is a risk ordinarily assumed in business. B. an unforeseen difficulty supported the contract modification here. C. Todos engaged in extortion or the so-called holdup game. D. Todos had a preexisting duty to supply the goods at the initial price.