Acme Global has endeavored to drive out all unnecessary business expenses in their steel industry operations. Acme Global is likely following a _________ strategy.
A. niche
B. cost leader
C. focus leader
D. differentiation
E. price leader
B. cost leader
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Choice Mining Co paid $9,000 for some land that was expected to have 50,000 units of a natural resource on it. Development costs amounted to $520. It was expected that the land would require $780 of reclamation costs after production. In the first year of mining, 5,000 units of the natural resource were mined. At the beginning of the second year, it was estimated that only 40,000 units of the
natural resource remained and estimated reclamation costs should be increased to $960. In the second year, 8,000 units were mined. What was the amount of depletion for the second year? A) $1,714 B) $1,854 C) $1,890 D) $2,046
To monitor the Gatorade brand on social networks around the clock, ________ created a Mission Control Center — set up like a broadcast television control room — in the middle of the marketing department in its Chicago headquarters
A) Coca-Cola B) Cadbury Schweppes C) PepsiCo D) P&G E) Nestlé
A department store had items in its inventory at the end of the year that had a recorded book value of $10,000 and, because of fashion changes, a market value of only $7,000 . The department store failed to write down these inventory items to market value. To keep the obsolete condition of the inventory items away from its auditors, the firm shipped the goods to a remote warehouse. The effect of
this error was to a. understate the inventory turnover ratio. b. overstate the cost of goods sold to sales percentage. c. overstate the total assets turnover ratio. d. understate net income. e. none of the above
Looking in company files and talking with your boss are examples of ________ research methods
Fill in the blank(s) with correct word