Two firms, such as a small local, family-owned Italian restaurant and Olive Garden, share few markets and have little similarity in resources, but are nonetheless direct and mutually acknowledged competitors.
Answer the following statement true (T) or false (F)
False
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The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of a(n):
A. product advantage. B. product benefit. C. segmentation variable. D. product feature. E. market property.
The most common way to design a process layout for a manufacturing facility is to arrange departments or work centers such that the ______.
A. total cost of materials handling is minimized B. total time for materials handling is minimized C. total man hours for materials handling is minimized D. total distance traveled for materials handling is minimized
St. Vincent's, Inc. currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow.ProductPool No.1 (Driver: DLH) Pool No. 2 (Driver: SU) Pool No. 3 (Driver: PC)Beta 1,200 45 2,250 Zeta 2,800 55 750 Pool Cost$160,000 $280,000 $360,000 The overhead cost allocated to Beta by using traditional costing procedures would be:
A. $560,000. B. $240,000. C. $356,000. D. $444,000. E. None of the answers is correct.
Occupational licensing requires permission from a regulating agency to operate certain businesses
a. True b. False Indicate whether the statement is true or false