Producers do not engage in horizontal integration.
Answer the following statement true (T) or false (F)
False
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All of the following statements regarding profit margin are true except:
A. Profit margin is calculated by dividing net income by net sales. B. Profit margin is also called return on sales. C. Profit margin is not a useful measure of a company's operating results. D. Profit margin can be used to compare a firm's performance to its competitors. E. Profit margin reflects the percent of profit in each dollar of revenue.
A contract in which both parties are mistaken about the value of the object of the contract is considered ________
A) unenforceable B) unconscionable C) non-rescindable D) void
Seth told the salesperson at Outdoor Times that he wanted the sleeping bag that was advertised in the Sunday paper; one that would keep him comfortable if the temperature drops to 10 degrees Fahrenheit. The salesperson told Seth they were sold out of that bag, but there were two other styles that would meet his needs and were the same price. Seth insisted he wanted the advertised bag and
threatened to sue for breach of contract. Which is true? a. Outdoor Times is guilty of "bait and swap.". b. Seth will prevail in his case, as Outdoor Times is responsible for having sufficient stock of advertised items. c. Seth will not prevail, as the advertisement was simply a request for offers. d. Outdoor Times must provide Seth with a raincheck, ensuring he can buy the same bag at the sales price at a later date.
Managers of fast-food restaurants struggle with a rapid turnover of personnel. Employee turnover rates of 100 to 200 percent annually are common. The work environment is difficult and customers can often be demanding. One of the first steps managers can take to help workers deliver quality service is to
A. reward service providers based solely on the speed of service. B. review the delivery support system. C. ban abusive customers from their restaurants. D. provide emotional support and concern for their employees. E. make sure services delivery expectations are consistent and coherent throughout the organization.