A trading company provides a link between buyers and sellers in different countries.
Answer the following statement true (T) or false (F)
True
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A firm selling food should have higher inventory turnover rate than a firm selling office furniture
a. True b. False Indicate whether the statement is true or false
Cash equivalents are defined as investments that carry a term of less than one year
Indicate whether the statement is true or false
Creative Products Inc incurred the following costs (in alphabetical order) during 2012 related to one of its products: Administrative costs $ 2,000 Advertising costs 1,000 Direct material used 8,000 Direct labor 20,000 Factory equipment depreciation
1,000 Factory rent 5,000 Indirect labor 3,000 Indirect materials 2,000 During the year, 3,000 units were produced out of which 2,750 units were sold for $30 each. Required: A. Calculate the total product costs incurred for the year. B. What is the product cost per unit? C. What is cost of goods sold for the year? D. What is net operating income for the year? (Ignore taxes)
Many important changes are affecting marketing strategy planning. For example, database-directed promotion and point-of-purchase promotion are illustrative of changes in the area of
A. sales promotion. B. demographic patterns. C. channels and logistics. D. communication technologies. E. personal selling.