The business segmentation variable of ________ refers to where power resides in an organization
A) demographics
B) purchasing approaches
C) customer operating characteristics
D) personal characteristics
E) benefits sought
B
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A fixed asset's estimated value at the time it is to be retired from service is called
a. book value b. carrying value c. residual value d. market value
Escalator clauses are found in contracts for major industrial projects, such as aircraft construction and bridge building
Indicate whether the statement is true or false
The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units. Compute the material quantity variance
A) 63,000F B) 63,000U C) 59,400F D) 59,400U
Which of the following statements is true about the niche strategy?
a. Only large companies can implement a niche strategy. b. Companies that adopt a niche strategy have only a small number of customers. c. Only the companies that do not have competitors can adopt a niche strategy. d. Companies that adopt a niche strategy can only gain a price advantage over competitors.