A consumer's surplus represents an advantage for ________
A) producers
B) suppliers
C) consumers
D) marketers
E) business markets
C
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Cycle Sales Company offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. At the beginning of 2019, the Estimated Warranty Payable account had a credit balance of $1400. During the year, Cycle Sales had $299,000 in sales and had to pay out $5900 in warranty payments. How much Warranty Expense will be reported on the 2019 income statement?
A) $5965 B) $7300 C) $9065 D) $10,465
Managing logistics in the service sector ______.
A. is relatively new B. offers little scope for further improvement C. is not regulated by the government D. is not relevant to international trade
The key to having a competitive advantage is the ability to imitate a competitor's strategy
Indicate whether the statement is true or false a. True b. False
The Causal Model of Organizational Performance and Change posits ______.
A. a feedback relationship between individual and organizational performance and external environment B. tightly links motivation to the external environment C. does not depend on any process of leadership D. none of these