When a company introduces a new product under a strongly established brand name, the length of time to reach the threshold point where advertising is effective is normally shorter
Indicate whether the statement is true or false
TRUE
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A(n) _______ system continually interacts with its environment.
A. networked B. integrated C. active D. open E. porous
Industrial products are normally more complex than consumer products. It means that industrial companies are more likely to be:
A) product focused rather than customer focused. B) customer focused rather than product focused. C) market focused rather than customer focused. D) technology focused rather than market focused.
Delicious Food Products is famous for its frosted fruit cake
The main ingredient of the cake is dried fruit, which Delicious purchases by the pound. In addition, the production requires a certain amount of direct labor. Delicious uses a standard cost system, and at the end of the first quarter, there was a favorable direct materials cost variance. Which of the following is a logical explanation for that variance? A) The production manager negotiated a lower wage package for production staff, bringing direct labor costs down. B) The factory lost two experienced workers at the beginning of the quarter, and their replacements worked at a much slower pace during their training period. C) The purchasing manager was able to secure a volume discount on dried fruit, purchasing the fruit for less than the amount set by standard. D) The production staff changed the work flow process so that there was less wastage of direct materials during production.
Kyle wants to buy a six-passenger car. The salesperson tells him that the two-seat sports car Kyle sees on the car lot would be just perfect for six people. Kyle test drives the car and then buys it. In this case:
A) Kyle has a valid cause of action for fraud. B) Kyle was not justified in relying upon the salesperson's representation that the car would seat six people. C) the element of scienter is missing. D) the salesperson is a fiduciary.