When it comes to choosing among different types of opportunities, most firms tend to be production-oriented and usually think first of diversification.
Answer the following statement true (T) or false (F)
False
Most firms tend to think first of greater market penetration when they think of diversification.
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When McDonald's and other fast food restaurants offer "value menu" items at surprisingly low prices, they are most likely using ________ pricing
A) break-even B) target profit C) good-value D) cost-plus E) target return
Anderson Plumbing Fixtures reported the following income statement for the year ended December 31, 2017
Anderson Plumbing Fixtures Income Statement Year Ended December 31, 2017 Sales Revenue $ 258,000 Cost of Goods Sold Beginning Merchandise Inventory $ 43,500 Net Cost of Purchases 145,000 Cost of Goods Available for Sale 188,500 Less: Ending Merchandise Inventory 38,000 Cost of Goods Sold: 150,000 Gross Profit 107,500 Operating Expenses 87,200 Net Income $ 20,300 Compute inventory turnover rate for the year. (Round to two decimal places.) Compute days' sales in inventory for the year. (Round to two decimal places.) What will be an ideal response
In general, which of the following is NOT a condition that needs to be met in order to use a c-chart?
a. when the product can be easily classified as defective or nondefective b. when there is a need to monitor the number of defects or nonconformities in each unit or sample c. when the samples examined for occurrences of defects are drawn from a very large population d. when the potential errors or nonconformities that could occur are known prior to data collection
Key points in a project, such as when a major activity or phase should be completed, are referred to as lodestones
Indicate whether the statement is true or false.