Outrigger Leisure Products sells 2200 kayaks per year at a price of $450 per unit. Outrigger sells in a highly competitive market and uses target pricing. The company has $1,000,000 of assets and the shareholders wish to make a profit of 17% on assets. Fixed costs are $450,000 per year and cannot be reduced. Assume all products produced are sold. What are the target variable costs?
A) $139,401
B) $1,000,000
C) $820,000
D) $370,000
D) $370,000
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Which statement best describes a difference of giving performance feedback outside the United States?
A. Employees in other countries seek out direct feedback more readily than U.S. employees do. B. Employees in other countries are less likely to be comfortable with direct statements about their performance. C. In contrast to U.S. practices, performance feedback outside the United States includes repayment of obligations. D. U.S. workers are more interested than other workers in other countries in hearing about their performance. E. Performance feedback is expected in the United States but is forbidden by many other countries' laws.
For incentive pay to motivate employees to contribute to the organization's success, the pay plans must be well designed. Which statement describes a characteristic of a well-designed plan?
A. Employees value the rewards or incentives that are being offered. B. Performance measures are to be linked to the individual's goals. C. Employees are given limited resources to meet their goals. D. Employees are given unattainable performance standards. E. The pay plan takes into account that employees will accept all goals irrespective of their rewards.
Which of the following is true of question formats in questionnaires?
A) Closed-ended questions allow respondents to answer in their own words. B) A scale question is an example of an open-ended question. C) Open-ended questions allow respondents to choose among the best answer options available. D) Closed-ended questions are difficult to evaluate when compared to open-end questions. E) Open-ended questions are useful in exploratory research to find out what people think.
According to the commercialization stage of the new product development process, following the decision to introduce the new product at a particular time, a company must next decide ________
A) where to launch the new product B) how to launch the new product C) why to launch the new product D) what pricing strategies to implement E) what marketing mix elements to use