Consulting firms, banks, IT outsourcing firms, and restaurants ______.
a. typically experience economies of scale
b. are service organizations
c. suffer from excess capacity
d. experience diseconomies of scope
b. are service organizations
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If consumers were largely indifferent to a $0.05 increase in the price of a gallon of milk, the price rise is said to fall within customers' ________
A) price indifference band B) experience curve C) arm's-length price D) learning curve E) net price index
A company reports inventory using the lower of cost and net realizable value. Below is information related to its year-end inventory:InventoryQuantityCostNRVUnit A10$30$32Unit B184340Unit C122327Unit D151817Calculate ending inventory under the lower of cost and net realizable value and record any necessary adjustment to inventory.
What will be an ideal response?
Which of the following is an advantage of using secondary data as a source of market
information? A) Primary data is generalized and prone to inaccuracy. B) Using secondary data is always free of cost. C) Using existing data saves a company time and money. D) Secondary data are customized to a company's needs and are not available to others.
Basic research:
a. is aimed at confirming an existing theory. b. is aimed at developing new or improved products. c. is aimed at a specific, pragmatic problem. d. is given little emphasis by business firms in the United States.