What are three possible responses to low-cost competitors?
What will be an ideal response?
Three possible responses to low-cost competitors are:
1. further differentiate the product or service
2. introduce a low-cost venture
3. reinvent as a low-cost player
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If fixed costs are $750,000 and variable costs are 80% of sales, what is the break-even point in sales dollars?
A) $937,500 B) $525,000 C) $3,750,000 D) $1,275,000
In which logistical component of the supply chain will you find electronic data interchange a common feature?
A. production scheduling B. transportation C. order processing D. materials-handling E. all of these
A _____ is used for sales forecasting
a. logistics information system (LIS) c. marketing information system (MKIS) b. personnel information system (PIS) d. financial information system (FIS)
Auditors are periodically punished for holding an investment in a client. This violates which ethical rule?
A. Integrity. B. Independence. C. Non compliance with GAAP. D. Confidentiality.