During the selling era of marketing, supply in many categories exceeded demand. This led to the:

A. focus on developing long-term customer relationships.
B. conception of the marketing concept.
C. focus on delivering unmatched value to customers.
D. emergence of the hard sell.


Answer: D

Business

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Department J had no work in process at the beginning of the period, 18,000 units were completed during the period, 2,000 units were 30% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period (Assuming the company uses FIFO and rounds average cost per unit to two decimal places): Direct materials (20,000

at $5 ) $ 100,000 Direct labor 142,300 Factory overhead 57,200 Assuming that all direct materials are placed in process at the beginning of production, what is the total cost of the 18,000 units completed during the period? A) $90,000 B) $193,140 C) $16,438 D) $283,140

Business

When investigating overhead variances, management needs to determine whether cost increases were controllable or if the cost standard needs to be updated

Indicate whether the statement is true or false

Business

The theory that exchange rates must adjust so that there is no reason for funds to flow from one country just to take advantage of better returns in another is part of:

A) Purchasing power parity B) Purchasing power arbitrage C) Interest rate parity D) Interest rate arbitrage

Business

What plans are preferable when uncertainty is high in the business environment?

A. standing plans B. directional plans C. specific plans D. informal plans

Business