Which statement is true about a product market?
A. The cost of labor does not affect the product market because it is an insignificant part of an organization's costs.
B. Organizations in a product market must increase the cost of labor every quarter.
C. Product-market considerations are of particular concern to a company when its customers place greater importance on product rather than price.
D. Product markets typically place a lower limit on the pay an organization will offer its employees.
E. Organizations in a product market are competing to serve the same customers.
Answer: E
You might also like to view...
The Trimbles apply to Community Bank for an installment loan of $20,000 to remodel their bathroom. Discuss the disclosures Community Bank is required to make.
What will be an ideal response?
The ability to create a diverse constellation of contacts both inside and outside of the organization is known as ______.
A. networking ability B. social astuteness C. interpersonal influence D. apparent sincerity
Which of the following entries would be recorded by a company that uses the cash basis method of accounting?
A) Cash 1,000 Accounts Receivable 1,000 B) Salaries Expense 1,000 Salaries Payable 1,000 C) Prepaid Rent 1,000 Cash 1,000 D) Rent Expense 1,000 Cash 1,000
The concept of a combination that makes a publicly held corporation a private one and includes cash-out contributions and management buyouts is a:
a. going private transaction. b. procedure. c. merger. d. None of these.