________ means a product's ability to satisfy a customer's needs or requirements.
A. Brand
B. Assortment
C. Trademark
D. Service
E. Quality
Answer: E
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The cost of goods manufactured of a company is $850,000. The beginning and ending finished goods inventory are $360,000 and 250,000, respectively. Determine the cost of goods sold
A) $960,000 B) $740,000 C) $610,000 D) $600,000
Answer the following statement(s) true (T) or false (F)
1. Commercial paper is a short-term note that carries more risk than T-bills, is not as liquid, but pays the purchaser a higher rate of interest. 2. Equity capital is funds that are obtained through borrowing and must be repaid. 3. Trade credit is credit given to a firm by the suppliers of the company. 4. If a buyer takes advantage of a “2/10 net 30” trade credit offer it will save 10 percent of the bill if paid within 2–10 days, but will pay the entire invoice total if not paid within that time frame. 5. Most banks do not require collateral for short-term loans to new businesses.
Answer the following statements true (T) or false (F)
1. "Occupational unionism" is another name for "craft unionism". 2. Craft unionism is well-suited to a stable, industry-oriented workforce. 3. Industrial unionism seeks to organize workers of a single occupation, in the same industry, into the same union. 4. Supporters of the labor movement have criticized the servicing model of unionism for creating a union membership that is uninterested and unwilling to play an active role in their own representation. 5. When one talks about the "scope" of representation, one is referring to the number of different activities a union is involved in at the workplace.
Integrated marketing communications include all of the following except
A. supply chain management. B. personal selling. C. public relations. D. advertising. E. direct marketing.