The failure rate for new products is high.
Answer the following statement true (T) or false (F)
True
This is true. One of the main reasons the failure rate for new products is so high is the failure to assess the market properly by neglecting to do appropriate product testing, targeting the wrong segment, and/or poor positioning. Firms may also overextend their abilities or competencies by venturing into products or services that are inconsistent with their brand image and/or value proposition.
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Cost of goods sold represents
a. Expired costs during a period and is reported on the income statement. b. Expired costs and is reported on the balance sheet as an expense. c. Unexpired costs and is reported on the balance sheet as an asset. d. The cost of goods that will be purchased during the next operating cycle and is reported on the balance sheet as an asset.
The basic conjoint analysis model expressing the fundamental relationship between attributes and utility in conjoint analysis is shown below:
U(X) = ijXij What does Xij represent? A) 1 if the jth level of the ith attribute is present, or 0 otherwise B) the part-worth contribution or utility associated with jth level (j, j=1, 2, ...ki) of the ith attribute (i, i=1, 2, ...m) C) number of attributes D) number of levels of attribute i
The statement of changes in financial position reported on:
a. changes in current assets and current liabilities. b. changes in assets. c. changes in assets, liabilities, and owners’ equity account balances d. changes in working capital
A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $21,000 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $550. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A.
| Bad Debts Expense | 20,450? | |
| Allowance for Doubtful Accounts | 20,450? |
B.
| Accounts Receivable | 21,550? | |
| Allowance for Doubtful Accounts | 21,550? |
C.
| Bad Debts Expense | 21,000? | |
| Allowance for Doubtful Accounts | 21,000? |
D.
| Accounts Receivable | 21,000? | |
| Bad Debts Expense | 550? | |
| Sales | 21,550? |
E.
| Bad Debts Expense | 21,550? | |
| Allowance for Doubtful Accounts | 21,550? |