Which competitive priority does the range and variety of products refer to?
A) Cost
B) Quality
C) Time
D) Flexibility
E) Speed
D
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At the beginning of the year, Wilson Steel, Inc. purchased 10,000 shares of Barnes Metals, Inc. for $34,000 in exchange for cash and now holds 3.2% of the voting stock of Barnes Metals, Inc. The management of Wilson Steel intends to hold this stock for two years. Assuming no other transaction happened during the year, the ________ in the balance sheet will increase.
A) long-term assets B) cash C) total assets D) current assets
Board members can be classified as either _______________.
a. Related or unrelated b. Inside or outside c. Tactical or operational d. Financial or nonfinancial
If a firm decides to contract its physical distribution functions to third parties that have no managerial authority within the marketing channel, it is using
A. outsourcing. B. sole-sourcing. C. logistics. D. wholesaling. E. distribution services.
Merati Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$28,000$10,500$38,500Estimated variable manufacturing overhead cost per MH$1.80$2.60 During the most recent month, the company started and completed two jobs--Job B and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job AJob LForming machine-hours 3,400 1,600Assembly machine-hours 2,000 3,000Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. The
departmental predetermined overhead rate in the Forming Department is closest to: A. $7.40 B. $1.80 C. $6.05 D. $5.60