Answer the following statements true (T) or false (F)
1.According to the product-life-cycle theory, the last stage of a product's trade cycle is when it becomes an import-competing good.
2.Ricardo's theory of comparative advantage is a static theory that does not consider changes in international competitiveness over the long run.
3.Dynamic comparative advantage refers to the creation of comparative advantage through the mobilization of skilled labor, technology, and capital.
4.Industrial policy seeks to direct resources to declining industries in which productivity is low, linkages to the rest of the economy are weak, and future competitiveness is remote.
5.Europe's jumbo-jet manufacturer, Airbus, has justified receiving governmental subsidies with the argument that the subsidies prevent the United States from becoming a monopoly in the jumbo-jet market.
1.True
2.True
3.True
4.False
5.True
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One disadvantage of telephone communication is the lack of face-to-face contact with the customer.
Answer the following statement true (T) or false (F)
Kate has determined that along the share-development path, her business should perform at a 85% level of product awareness, 75% in product preference, 60% in intentions to purchase, 90% in product availability, and 70% in rate of purchase
Kate's share development index is 50. What is the market share index for Kate's business? A) 12% B) 6% C) 18% D) 22% E) 28%
Race is related to ______ while ethnicity is associated with ______.
A. skin color; culture B. nationality; eye color C. ancestry; skin or hair color D. culture; skin color
Delaware Corp. prepared a master budget that included $21,360 for direct materials, $33,600 for direct labor, $18,000 for variable overhead, and $46,440 for fixed overhead. Delaware Corp. planned to sell 4,000 units during the period, but actually sold 4,300 units. What would Delaware's direct materials cost be if it used a flexible budget for the period based on actual sales?
A. $21,360 B. $22,962 C. $91,848 D. $19,870