Unfavorable exchange rates can offset other savings in a location decision
Indicate whether the statement is true or false
TRUE
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At the maturity of the product life cycle, competition is generic and the job of the marketing manager is to convince potential customers that the new product satisfies their needs better than an existing substitute
Indicate whether the statement is true or false
Which one of the following below reflects a weak internal control system?
A) all employees are well supervised B) a single employee is responsible for comparing a receiving report to an invoice C) all employees must take their vacations D) a single employee is responsible for collecting and recording of cash
Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% rate of return on invested assets of $800,000. Fixed factory overhead cost $82,000 Fixed selling and administrative costs 45,000 Variable direct materials cost per unit 5.50 Variable direct labor
cost per unit 7.65 Variable factory overhead cost per unit 2.25 Variable selling and administrative cost per unit .90 The markup percentage on product cost for the company's product is: A) 23.4% B) 10.98% C) 26.1% D) 18%
Convenience goods stores are interested in a high flow of customer traffic.
Answer the following statement true (T) or false (F)