Companies use a ________ to assess whether its products and brands are above, at, or below the market.
A. customary price
B. price lining
C. benchmark
D. prestige price
E. price premium
Answer: E
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Which of the following is an example of an organization's product/service-related objective?
A) decreasing development cycle time (inception to launch) from 18 months to 12 months B) improving sales of new services from 10% of total sales to 15% of total sales within one year C) increasing the portion of the market controlled in new market Y from 0% to 12% within one year D) increasing brand awareness in market X by 30% within one year, as measured by survey Y
An assignor is someone who subsequently gains rights under a preexisting contract
Indicate whether the statement is true or false
Which of the following statements is true when comparing the Microsoft Excel templates of the transportation model to the Microsoft Excel template of the transshipment model?
a. The objective function cell in the transportation model contains the value of one scalar product, while the objective function in the transshipment model has two scalar products. b. The value of objective function of the transportation model is always greater than the value of the objective function in the transshipment model. c. The decision maker always seeks to minimize the cost in the transportation model, yet may seek to optimize the cost in the transshipment model. d. All of the above
Quality Stereo Company has provided the following information regarding its activity-based costing system
• Purchasing department costs are allocated based on purchase orders, and the predetermined overhead allocation rate is $79 per purchase order. • Assembly department costs are allocated based on the number of parts used, and the predetermined overhead allocation rate is $2 per part. • Packaging department costs are allocated based on the number of units produced, and the predetermined overhead allocation rate is $2 per unit produced. Each stereo produced has 50 parts, and the direct materials cost per unit is $62. There are no direct labor costs. Quality Stereo has an order for 1,000 stereos, which will require 40 purchase orders in all. What is the total cost for the 1,000 stereos? A) $167,160 B) $104,480 C) $103,160 D) $164,000