How is short-term time orientation illustrated by fast-food restaurants?
What will be an ideal response?
Fast-food restaurant values efficiency and fast results by getting food prepared quickly, and people eat in a short period of time. The design of a fast-food restaurant is based on a short-term orientation, including drive-thru windows.
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Jaakola Corporation makes a product with the following costs: Per UnitPer YearDirect materials$17.00 Direct labor$22.00 Variable manufacturing overhead$4.00 Fixed manufacturing overhead $504,000 Variable selling and administrative expenses$4.90 Fixed selling and administrative expenses $319,200 ?The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 28,000 units per year. The company has invested $360,000 in this product and expects a return on investment of 15%. The markup on absorption cost would be closest to:
A. 27.1% B. 15.0% C. 84.3% D. 29.9%
Delnisha, a customer service representative for the manufacturer of Marathon brand faucets, receives a large order from a small contractor. Which of the following is the BEST way for Delnisha to begin a message saying the company does not sell directly to end users?
a. This letter informs you that we unfortunately do not sell faucets directly to contractors. b. I have referred your order to a distributor near you. c. Thank you very much for your order. Unfortunately, we will not be able to fill it. d. Our patenting coating process makes Marathon faucets the contractor's choice.
Research suggests that nearly 85 percent of all salespeople , regardless of age or experience, fall victim to
A. a lack of proper training. B. fear and self-doubt. C. self-inflated egos. D. poor communication skills. E. overconfidence.
Portfolio analysis begins with assignment to a quadrant before a sourcing strategy is formulated
Indicate whether the statement is true or false.