How does a merchandise company calculate unit cost per item? Why do managers need to know the unit cost per item?
What will be an ideal response
Unit cost per item is calculated by dividing total cost of goods sold by total number of items sold. The unit cost per item helps managers know which products are most profitable. The unit cost per item also helps managers set appropriate selling prices.
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Companies in Quadrant D put high emphasis on both culture and solid business performance as drivers of organizational success.
Answer the following statement true (T) or false (F)
Ashana Vogel, a book salesperson, approaches a prospect with the following words, "Hello, Dr. Stein-your colleague Josh Stockard suggested I contact you concerning our new accounting workbooks." Which of the following would reduce the effectiveness of this approach?
A. Vogel employs a SPIN approach. B. Dr. Stein dislikes the AIDA approach. C. Dr. Stein lacks respect for Josh Stockard. D. Dr. Stein is already acquainted with Vogel. E. Vogel is unable to develop a FAB presentation.
Investing activities include: (a) the purchase and sale of long-term assets, (b) loaning money in return for notes receivable, and (c) the purchase and sale of short-term investments.
Answer the following statement true (T) or false (F)
Strong brands have deeper meaning to consumers far beyond simple awareness and knowledge.
a. True b. False