In mature markets, there is downward pressure on both prices and profit margins. In this situation, retailers often have to set prices to meet the competition.
Answer the following statement true (T) or false (F)
True
In a mature market, there is downward pressure on both prices and profit margins. Under such circumstances there may be no real pricing choice other than to "meet the competition."
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According to the CIP model, which type of leader focuses on rational problem-solving?
a. charismatic b. ideological c. pragmatic d. practical
What could happen to "unused" dollars after a firm has chosen capital projects but still has remaining unallocated funds?
A) The remaining funds may be invested at the "going rate" of the company. B) The remaining funds, if internally generated, may be paid back to shareholders as a dividend. C) If the remaining funds are part of borrowing, then the firm may choose to borrow less money. D) All of the choices above are potential uses of unallocated funds.
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 7.4grams$2.00per gramDirect labor 0.5hours$20.00per hourVariable overhead 0.5hours$7.00per hour?The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.?The labor rate variance for January is:
A. $1,820 F B. $1,820 U C. $1,666 U D. $1,666 F
Supply chain information technologies can provide timely, cost efficient sharing of information between suppliers, manufacturers, intermediaries, logistics services providers, and customers
Indicate whether the statement is true or false