Standardization consists of
A. using the same marketing mix in all of the firm's markets.
B. respecting international measurement and technical standards set by the UN.
C. focusing on the local markets to develop the best marketing mix for them.
D. respecting traditional, standard approaches to the marketing mix.
Answer: A
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How much were Myer's product costs?
The following information relates to Myer, Inc.:
A) $604,650
B) $252,000
C) $510,600
D) $86,620
Which of the following amounts of a flexible budget remains constant, within the specified relevant range, when the sales volume changes?
A) total contribution margin B) total fixed costs C) total variable costs D) total sales revenue
Answer the following statement(s) true (T) or false (F)
1. In organizations reflecting short-term orientation values, the present financial success is most important. 2. In indulgent cultures, moral discipline is important and there is less importance placed on time with friends or leisure activities. 3. In cultures with a more feminine bias, process-oriented interventions are more accepted. 4. The African culture embodies the proverb, “Ubuntu ungamutu mgabunye abuantu: You do not live for yourself; you live for others.” 5. It is easy to conclusively say which interventions are universally applicable across cultures.
Managers often consult financial statements for specific types of information. Indicate whether each of the following items would appear on the income statement, statement of owner's equity, or the balance sheet. Note that an item may appear on more than one statement. The first item is completed as an example.?Income StatementStatement of Owner's EquityBalance SheetCash on hand??XAccounts payable of the business???Accounts receivable of the business???Accumulated depreciation on the firm's equipment???Amount of depreciation charged off on the firm's equipment during the period???Book value of the firm's equipment???Cost of supplies used during the period???Net income for the period???Original cost of the firm's equipment???Owner's
capital at the end of the period???Owner's withdrawals for the period???Revenue earned during the period???Supplies on hand???Total assets of the business???Total expenses for the period??? What will be an ideal response?