A marketing strategy in which the firm focused on efficient processes and production to create quality products and reduce unit costs was referred to as the
A. marketing concept era.
B. relationship marketing era.
C. customer orientation era.
D. sales orientation era.
E. production orientation era.
Answer: E
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State the section(s) of the statement of cash flows prepared by the indirect method (operating activities, investingactivities, financing activities, or not reported) and the amount that would be reported for each of the followingtransactions: (a)
Received $120,000 from the sale of land costing $70,000. (b) Purchased investments for $75,000. (c) Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beginningof the year, and $6,000 were payable at the end of the year. (d) Acquired equipment for $64,000 cash. (e) Declared and issued 100 shares of $20 par common stock as a stock dividend, when themarket price of the stock was $32 a share. (f) Recognized depreciation for the year, $37,000. (g) Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash. (h) Issued $500,000 of 20-year, 10% bonds payable at 99. (i) Borrowed $43,000 from Regional Bank, issuing a 5-year, 8% note for that amount.
Which of the following cost flow assumptions most closely follows the logical product flow in a process costing environment?
A) Average B) LIFO C) FIFO D) HIFO
Discuss some of the factors that could motivate an organization to implement activity based costing
Which of the following statements about the balanced scorecard approach is true?
A) It helps management focus on only nonfinancial measures of performance. B) It helps management focus on critical success factors which may be financial and nonfinancial in nature. C) It helps management ignore short-term operating performance in favor of long-term operating performance. D) It helps management focus on only financial measures of performance.