Mug Shots operates a chain of coffee shops. The company pays rent of $15,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The managers of each shop are paid a salary of $2,500 per month and all other employees are paid on an hourly basis. The cost of rent relative to the number of customers in a particular shop and relative to the number of customers in the entire chain of shops is which kind of cost, respectively?
A. Fixed cost and fixed cost
B. Fixed cost and variable cost
C. Variable cost and fixed cost
D. Variable cost and variable cost
Answer: A
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Answer the following statements true (T) or false (F)
1.To protect domestic producers from foreign competition, the U.S. government levies both import tariffs and export tariffs. 2.With a compound tariff, a domestic importer of an automobile might be required to pay a duty of $200 plus 4 percent of the value of the automobile. 3.With a specific tariff, the degree of protection afforded domestic producers varies directly with changes in import prices. 4.During a recession, when consumers tend to purchase cheaper products, a specific tariff provides domestic producers a greater amount of protection against import-competing goods than other types of tariffs. 5.An ad valorem tariff provides domestic producers less protection against import-competing goods during periods of changing prices.
If a buyer rejects a shipment of goods as not conforming, the seller has the right to cure the defect, except for which of the following:
a. the seller repairs or replaces the defective goods within the time for performance b. the seller notifies the buyer in a timely manner of the intent to cure the defect c. the time for performance has not passed d. the seller is due a "reasonable time" for repair or performance past the original due date e. all of the other choices are part of the seller's right to cure
Which of the following statements is true of stimulus response selling?
A. The sales message in stimulus response selling cannot be prepared before sales dialogue. B. It cannot be used with a canned sales presentation. C. It calls for the buyer to dominate the flow of conversation in sales dialogue. D. Inexperienced salespeople can rely on stimulus response sales methods in some settings. E. It is most suitable when the prospects are professional buyers.
What is customer order cycle time?
A. the frequency of inventory replacement B. the time it takes to manufacture a product and deliver it to the retailer C. the agreed upon time between the purchase of a product and the delivery of the product D. an unfilled customer order for a product that is out of stock