A group of small sellers take the initiative and organize a new business entity to carry on wholesaling and possibly some production. This initiative is called a(n) ________
A) retailer cooperative
B) franchise organization
C) area-based cartel
D) sponsored voluntary chain
E) alternate selling channel
A
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This question has two parts; be sure to answer both. First, explain the contingency viewpoint, explaining what it means. Next, suppose you are a literary agent running your own business. You represent a large number of successful writers, and you have made it clear on your website that you are no longer taking on new writers as clients. One day a person you respect tells you about an unpublished writer who is simply fantastic and has the makings of an incredibly successful novelist. If you adopt the contingency viewpoint, what is your response? What would your response be if you do not believe in the contingency viewpoint?
What will be an ideal response?
Dividends Payable is closed by transferring to Retained Earnings at the end of the period
Indicate whether the statement is true or false
If Oui Watches sells 300 watches at $48 per watch and has variable costs of $20 per watch and fixed costs of $4,000, what is the projected profit?
a. $4,000 b. $4,400 c. $8,400 d. $12,000
Which of the following involves introducing less-expensive versions of established, brand name products?
A) markup pricing B) good-value pricing C) time-based pricing D) cost-based pricing E) target profit pricing