The problem with using an undifferentiated strategy to market a "universal car" is that
A. car buyers have homogeneous needs.
B. car buyers have heterogeneous needs.
C. the technology to produce a universal car does not yet exist.
D. car buyers cannot be segmented.
E. other car makers are already using an undifferentiated strategy.
Answer: B
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Paraquat Manufacturing produces a chemical herbicide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had a zero beginning balance. During January, 42,000 gallons of chemicals were started into production. During the month, 34,000 gallons were completed, and 8000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.
During January, the Mixing Department incurred $63,000 in direct materials costs and $240,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. First, calculate the equivalent units, then calculate the cost per equivalent unit, and then calculate the total cost of the product that was completed and transferred out during January. The weighted-average method is used. The total cost of product transferred out was ________. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) A) $51,000 B) $240,000 C) $303,000 D) $261,460
The parol evidence rule limits the types of evidence that be used to prove terms of an agreement
a. True b. False
Which of the following is true regarding the Single Audit Act and its amendments?
A. Neither A risk-based approach is used nor An opinion is required on compliance of all programs. B. Both A risk-based approach is used and An opinion is required on compliance of all programs. C. A risk-based approach is used. D. An opinion is required on compliance of all programs.
In setting pay rates for key jobs using the pay policy line approach, actual market rates will give the most accurate information instead of market survey data.
Answer the following statement true (T) or false (F)