Relish is a bakery that has introduced a range of low-fat pizzas for its present customers. This is an example of product development strategy
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
A product development strategy entails the creation of new products for present markets.
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Some analysts focus attention on cash flow from operations, thinking it as important as, or more important than, net income as a performance measure
Indicate whether the statement is true or false
Norton Co., a U.S. corporation, sold inventory on December 1, 2018, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: Dec. 1Spot rate:$1.7241 Dec. 31Spot rate:$1.8182 Jan. 30Spot rate:$1.6666 ?For what amount should Sales be credited on December 1?
A. $18,182. B. $ 5,500. C. $16,949. D. $17,241. E. $16,667.
Which of the following statements is true of service utility?
A. It provides customer satisfaction by converting inputs into finished products. B. It satisfies customer needs by providing the right products in the right place. C. Itadds value by providing fast, friendly, personalized assistance. D. It adds value by making it easier for customers to possess the goods that they purchase.
Which of the following is an example of a business using information systems to create new products and services?
A) Apple's creation of the iPad B) JC Penney's information system that allows its contract manufacturers to see what garments have been sold and need to be replaced C) The Mandarin Oriental's use of computers to keep track of guests' preferences D) Verizon's web-based digital dashboard providing real-time company information for managers E) Walmart's Retail Link's system